Said Mr Feng:"Our business will continue operating as per usual in Shopee Mexico, Argentina, Chile, as well as for ShopeeFood and ShopeePay in South-east Asia.
"We are committed to providing the same level of support to our users, partners and merchants in all these markets." The memo did not specify which South-east Asian countries would be affected by the layoffs. Shopee has outposts in Indonesia, Thailand, Vietnam, Malaysia and the Philippines, with its regional headquarters in the Republic.
He added that the company will do"the very best we can" to support affected workers, as the move would majorly impact them and their families.posted a smaller-than-expected loss in the first quarter of this yearST has contacted Sea, Shopee and tech workers' union Tech Talent Assembly to confirm the scale of the layoffs, the roles involved and whether workers in Singapore are affected.
Investors, shaken by uncertainties in the macroeconomic environment, have taken flight from loss-making tech stocks in recent months.
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