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Bangkok Post

Business

Shopee owner Sea Ltd cuts jobs in shopping, food

Sea Shopee e-commerce

FILE PHOTO: A person walks in front of a sign of Shopee, the e-commerce arm of Southeast Asia's Sea Ltd, at its office in Singapore, March 5, 2021. (Reuters)

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.

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