Sea cuts jobs in shopping, food in first major downsizing

South-East Asia’s largest tech firm plans to let employees go across its ecommerce division Shopee, Chris Feng, the unit’s chief executive, said in an email to employees. — 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.

South-East Asia’s largest tech firm plans to let employees go across its ecommerce 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 South-East Asia. The cuts will also extend across its Mexico, Argentina, and Chile teams, as well as the cross-border team supporting Spain.