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Sea Cuts Jobs in Shopping, Food in First Major Downsizing

  • Singapore internet giant cuts staff at e-commerce unit Shopee
  • Sea is reducing its overseas footprint, periphery businesses

Sea Ltd. is making its first major job cuts in areas spanning shopping and food, joining other tech firms downsizing this year in anticipation of unprecedented market and economic volatility.

Southeast Asia’s largest tech firm plans to let employees go across its e-commerce division Shopee, Chris Feng, the unit’s chief executive, said in an email to employees seen by Bloomberg News. It will reduce headcount across its ShopeeFood and ShopeePay divisions in Southeast Asia. The cuts will also extend across its Mexico, Argentina, and Chile teams, as well as the cross-border team supporting Spain.