The Singapore-based e-commerce, gaming and fintech provider last year cut more than 7,000 jobs, froze salaries and trimmed spending, helping it to swing to a profit in the fourth quarter. Chief Corporate Officer Yanjun Wang told analysts on Tuesday’s earnings call that Sea doesn’t foresee any further major changes with regard to headcount.
Sea Ltd. is cutting more jobs at e-commerce unit Shopee in Indonesia, days after reporting a surprise first-ever quarterly profit helped by last year’s extensive firings.
The latest cuts affect fewer than 500 full-time and contract workers in Shopee’s customer service team in Indonesia, according to a person with direct knowledge of the matter who asked not to be named as the information is private. Those affected were notified Thursday, the person said. A representative for Sea didn’t immediately respond to a request for comment.
