Shopee is one of Sea’s two major businesses, alongside a gaming arm that popularized the mobile hit “Free Fire.” The company ended 2021 with more than 67,000 people overall. Management announced the impending layoffs during a town hall on Monday for affected teams, which included Shopee’s marketing as well as operations units.
Sea is preparing to fire 3% of Shopee employees in Indonesia, part of a broader wave of regional job cuts intended to curb ballooning losses and win back investors.
The Singapore-based company will begin notifying affected staff Monday at its cash-burning e-commerce arm, according to an internal memo seen by Bloomberg News. The 3% cut in Indonesia aligns with layoffs of a low-single-digit percentage across the division, a person familiar with the matter said, asking to remain anonymous discussing internal actions.
