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Singapore’s Sea Slashed 7,000 Jobs in Six Months to Curb Losses

  • Tech company is struggling to reassure investors as sales slow
  • Latest wave of 100 job cuts span recruitment, training
Forrest Li
Forrest LiPhotographer: Wei Leng Tay/Bloomberg

Sea Ltd. has cut about 7,000 jobs, or roughly 10% of its workforce, in the past six months as it fights to stem ballooning losses and win back investors, according to a person familiar with the matter.

Among the latest reductions is about 100 positions at Sea’s e-commerce arm Shopee, and those affected started to receive notices on Monday, according to people familiar with the matter. The newest cuts are a part of several waves of layoffs since June.