Singapore's Sea posts 1st quarterly profit after drastic cost cuts

NYSE-listed tech giant's e-commerce arm swings into black, while gaming shrinks

20230307N Singapore Sea

Sea laid off about 10% of its total workforce over six months through late 2022. © Reuters

TSUBASA SURUGA, Nikkei staff writer

SINGAPORE -- Singapore-based tech group Sea on Tuesday reported its first quarterly profit since going public five years ago, as restructuring efforts that included cutting thousands of jobs and freezing salaries started to pay off.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.