Shopee is reportedly slashing staff again from its Singapore office as reports emerged around the eCommerce giant’s parent Sea struggling towards profitability.Teams affected this time included staff in human resources and employees from learning and development, according to The Straits Times. This is at least the third round of layoffs Shopee has made this year, after the recent job cuts the company made in Singapore, Indonesia and China.
While the number of employees affected is still unclear, a check by MARKETING-INTERACTIVE saw a multimedia artist from Shopee Singapore post on LinkedIn that she was informed her position got affected when she arrived at work on Tuesday morning.
“We had an urgent meeting and we were told that there will be another round of layoffs today and some of us will be affected... It hit me even more to learn that my whole team was actually affected,” the post read. "Felt surreal, a bit numbing, maybe because it hasn’t sunk in yet," she added, before saying that "because of the current economic situation and global crisis, one cannot blame a company for making such a very difficult decision of letting go more of its employees."
MARKETING-INTERACTIVE has reached out to Shopee for a statement.
Back in September this year, Shopee cut employees from its Singapore office. The teams impacted then were marketing, regional operations, product and engineering and HR, and the announcement was made during a department-wide townhall. At the same time Shopee was planning to fire 3% of its Indonesia employees and also some of its staff in China amidst a series of job cuts that it has carried out globally so far. According to Bloomberg, impacted employees will be notified today and the group intends to cut its headcount at Shopee Indonesia by "a low-single-digit percentage".
Get the daily lowdown on Asia's top marketing stories.
We break down the big and messy topics of the day so you're updated on the most important developments in Asia's marketing development – for free.subscribe now open in new window