Sea Layoffs
September 2022
Sea announced a layoff affecting 0 employees in September 2022. The company operates in the Consumer sector.
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Sep 2, 2022
About
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.
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