Shopee joins start-up layoffs trend in RI, blames global economy

Shopee Indonesia has announced layoffs in Indonesia, following a wider trend that has been unsettling workers in the country’s tech sector over the past few months. The subsidiary of Singapore’s Sea Ltd. said on Monday it had fired “a number of” employees in Indonesia. Meanwhile, Bloomberg reported that Shopee was preparing to fire 3 percent of its employees in the country as part of “a broader wave of regional job cuts intended to curb ballooning losses and win back investors.” Shopee has also pulled back from major markets in Europe and Latin America, in addition to getting banned in India amid increasing tensions with Chinese firms.

September 20 2022, The Jakarta Post

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