Shopee assures union in S'pore that workers impacted by job cuts will be compensated

15/6/2022 11:13:00 AM

Shopee assures union in S'pore that workers impacted by job cuts will be compensated

E-Commerce, Technology Sector

Shopee assures union in S'pore that workers impacted by job cuts will be compensated

Employees of the online shopping platform Shopee affected by recent layoffs will be compensated, the Creative Media and Publishing Union (CMPU) said on Wednesday (June 15). The union, which is affiliated with the labour movement National Trades Union Congress ( NTUC ), said...

The union said it will help laid off employees find work.They will also have access to career coaching and job matching services offered by the Employment and Employability Institute and NTUC's network of professional associations and partners."CMPU will also continue to work closely with Shopee to ensure that employees' interests and welfare are taken care of as much as possible," said CMPU.

Shopee's chief executive Chris Feng had detailed the layoffs and other changes to its business in an internal memo on Monday night which was circulated widely.The memo, which was seen by ST, revealed that Shopee would let go of members of its teams in Mexico, Argentina and Chile, as well as a cross-border team supporting the market in Spain.

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Shopee lays off staff in food delivery, online payment teams in Southeast AsiaSINGAPORE: E-commerce giant Shopee will lay off some employees in its food delivery ShopeeFood and online payment ShopeePay teams in Southeast Asia. It will also cut staff in Mexico, Argentina and Chile, as well as a cross-border team supporting No sweat guys ..plenty of jobs available in East & west

Shopee lays off workers in food delivery, online payments and global teamsSouth-east Asian e-commerce giant Shopee will lay off some workers in its ShopeeFood and ShopeePay teams in the region. It will also let go part of its teams in Mexico, Argentina and Chile, as well as a cross-border team supporting the market in Spain, according to an...

Daily roundup: Shopee lays off staff across region to 'optimise operations' — and other top stories today1. Shopee lays off staff across region to 'optimise operations' South-east Asian e-commerce giant Shopee will lay off some workers in its ShopeeFood and ShopeePay teams in the region... » READ MORE 2. $5 musang king: Price war among durian sellers at Marine Parade draws large crowd How low can you go? While some durian sellers are doing the limbo...

Shopee lays off workers in food delivery, online payments and global teamsNot surprise Shopee had not been gaining traction..just look at their load full of media advert recently spending top money to gain market share. Failed.

Shopee laying off staff across Southeast Asia & South AmericaAn international town hall was reportedly conducted on Jun. 13 informing employees of the new development. Crunch time 😡😡😡 Where is this? What goes up must come down. Eventually. Normal. Don't be fooled by someone adding the prefix New in front of every word 'Normal'.

Shopee lays off staff in food delivery, online payment teams in Southeast AsiaSINGAPORE — E-commerce giant Shopee will lay off some employees in its food delivery ShopeeFood and online payment ShopeePay teams in Southeast Asia.

Beware of scams involving sale of concert tickets as events resume: Police The union said it will help laid off employees find work.LinkedIn SINGAPORE: E-commerce giant Shopee will lay off some employees in its food delivery ShopeeFood and online payment ShopeePay teams in Southeast Asia.left the India market the same month.June 14, 2022.

They will also have access to career coaching and job matching services offered by the Employment and Employability Institute and NTUC's network of professional associations and partners. "CMPU will also continue to work closely with Shopee to ensure that employees' interests and welfare are taken care of as much as possible," said CMPU. The memo, dated Jun 13, was sent out by Shopee's group president Chris Feng. Shopee's chief executive Chris Feng had detailed the layoffs and other changes to its business in an internal memo on Monday night which was circulated widely." The memo did not specify which South-east Asian countries would be affected by the layoffs. The memo, which was seen by ST, revealed that Shopee would let go of members of its teams in Mexico, Argentina and Chile, as well as a cross-border team supporting the market in Spain. "This is to ensure that, as a business, we remain in the best possible position to continue scaling sustainably and, ultimately, to win. Shopee will also end its early-stage pilot in Spain, Mr Feng said in the memo.

It previously withdrew from forays into the Indian and French markets in March. He also said Shopee will close its early-stage pilot in Spain, after announcing plans to launch online sales in the country last October. The layoffs come even as New York-listed Sea, which owns Shopee, beat sales estimates and posted a smaller-than-expected loss in the first quarter of this year , driven by strong showings in its core e-commerce and digital payments business. As for the cuts, Mr Feng did not specify which South-east Asian countries would be affected. Shopee has outposts in Indonesia, Thailand, Vietnam, Malaysia and the Philippines, while its regional headquarters is based in Singapore. It was the second pullback that month in an overseas expansion drive after Shopee exited from France. Mr Feng said the company will do its very best to support affected workers. Major tech companies like Sea are under pressure to increase profitability amid fears of a looming downturn. The layoffs come even as New York-listed Sea, which owns Shopee, beat sales estimates in posting a smaller-than-expected loss in the first quarter of this year, driven by strong showings in its core e-commerce and digital payments business. “We are committed to providing the same level of support to our users, partners and merchants in all these markets,” he added.

Major tech companies like Shopee owner Sea, which raked in windfalls amid rapid digitalisation forced by the Covid-19 pandemic, are now heading into a world marked by high inflation, scarce labour, and supply chain disruptions that threaten profitability. Shaken by these uncertainties, investors have begun to eschew loss-making tech stocks in recent months. We will do the very best we can to support them through this transition. Get The New Paper on your phone with the free TNP app. Download from the . CNA has contacted Shopee for more information.