jit pai hosay: Tech firms laying off staff to 'consolidate' as funding dries up

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jit pai hosay: Tech firms laying off staff to 'consolidate' as funding dries up

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16-06-2022, 07:10 PM

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jit pai hosay: Tech firms laying off staff to 'consolidate' as funding dries up

An honorable member of the Coffee Shop Has Just Posted the Following:

Big names in the US tech sector that have shed staff this year include Coinbase, Peloton, Netflix and Paypal.

In Singapore, Shopee is laying off some employees in its food delivery and online payment teams in Southeast Asia. It is also cutting staff in Mexico, Argentina and Chile, as well as a cross-border team supporting the Spanish market.

At one point, Singapore-based Sea Ltd – Shopee's parent company – was said to be Southeast Asia’s most valuable company, before its valuation...

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