Sea

In September 2022, Singapore-based tech conglomerate Sea Limited conducted a second round of layoffs, primarily affecting its gaming division, Garena, and its R&D unit, Sea Labs. The cuts included approximately 40 positions from the live-streaming app Booyah! and about a dozen roles in experimental projects like public cloud and blockchain, which were subsequently halted. These measures were part of a broader strategic shift away from aggressive growth and international expansion toward cost-cutting and profitability, driven by increased market competition and economic volatility. As of late 2021, Sea employed around 67,300 people, making it Southeast Asia's largest tech firm. The layoffs followed an initial round in June and included revoked job offers at its Shopee e-commerce platform.

Sea, the Singapore-based tech giant, conducted a significant round of layoffs affecting hundreds of employees across its e-commerce, gaming, and fintech divisions in early 2024. While exact figures were not officially disclosed, reports indicate the cuts impacted several hundred staff, representing a small percentage of its global workforce of over 30,000. The move is part of a broader effort to streamline operations and achieve sustained profitability amid challenging market conditions in the competitive internet and technology industry.