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Shopee, the Amazon of Southeast Asia, has been on a layoff spree within a year of raising $6 billion. We dug into the financials for an inside look

2 monthes ago   |   By Business Insider

The latest round of Shopee layoffs came almost exactly a year after the ecommerce giant raised $6 billion through the sale of equity and bonds in September 2021. SOPA Images / Contributor
On September 19, Singapore-based ecommerce giant Shopee announced its latest round of layoffs.
Shopee is pivoting from a growth mindset to cutting costs as external funding dries up.
It's one of many tech giants downsizing as Fed rate hikes push investors to safe-heaven investments.
As employees trickled into the offices of Singapore-headquartered ecommerce platform Shopee on September 19, it became clear...
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