Carsome, a Malaysian online car marketplace, laid off approximately 10% of its workforce in early 2023, affecting around 100 employees out of a total of about 1,000. The layoffs were part of a strategic restructuring to streamline operations and enhance efficiency amid challenging market conditions in the automotive e-commerce industry. As a leading unicorn startup in Southeast Asia, the company aimed to focus on sustainable growth and profitability while navigating economic uncertainties.
