FoodID
Shopee Layoffs
June 2022
Shopee announced a layoff affecting 0 employees in June 2022. The company operates in the Food sector.
People Affected
0
Announced Date
Jun 14, 2022
About
In June 2022, Singapore-based e-commerce giant Shopee, the online retail arm of Sea Group, initiated layoffs across multiple Southeast Asian markets. The company, facing significant financial headwinds as rising inflation weakened consumer spending, moved to rationalize its operations. While the exact number of affected employees was not specified in the report, the cuts were part of a broader effort to control costs, which included a hiring freeze, as the unprofitable startup navigated a challenging economic climate.
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