The Singapore-based company is also shuttering several of its experimental ventures at its R&D unit Sea Labs, the people said. It will let go about a dozen employees working in areas such as public cloud and blockchain, one person said. The company has also rescinded job offers across tech roles at its e-commerce arm Shopee, the person said.
Sea is trimming staff in its money-making gaming arm to rein in costs. It’s the e-commerce giant’s second round of job cuts this year, following a string of setbacks that is forcing the company to shift its focus away from unbridled growth to profitability.
Southeast Asia’s largest tech firm is planning to reduce headcount in its most profitable division Garena and in new ventures at its research and development arm, according to people familiar with the matter. About 40 jobs will be cut from its game livestream app Booyah!, including in teams involved in product management and quality assurance, the people said, asking not to be named because the information is private.
