SHOPEE CUT 10% JOBS IN THAILAND

[The_King]

BANGKOK - E-commerce company, Shopee started a massive restructuring step including implementing a plan to lay off more employees in Thailand, Thaiger news site reported yesterday.

Under the plan, about 10 percent of jobs will be cut and is expected to affect around 100 Shopee employees.

 

The multinational technology company from Singapore which is a subsidiary of Sea Limited (Sea) is restructuring its business in many countries this year to make it more resilient, the entity said

In the past two years, Shopee has closed its businesses in Argentina, India and France, while Shopee Pte. Ltd. also completed 10 percent of jobs in China and three percent in Indonesia this year.

A total of 300 ShopeeFood and ShopeePay workers in Thailand were also fired last June.

Shopee branches in Chile, Colombia and Mexico are also reportedly laying off most of their staff and implementing cross-border operations.

 

According to reports, Shopee Thailand announced the new restructuring plan at a meeting with employees last Monday.

The management said, it will try to streamline the company and improve operational effectiveness to make it more agile and capable of generating long-term growth.

The Board of Directors of Shopee during the meeting also said that the new operational measures will affect a number of employees in Thailand with the number of staff will be reduced by almost 10 percent in response to the challenging economic situation. – Agency

[socrates469bc]

shopee do too much advertisement liao and overexpansion.

 

shld focus on logistics and better pricing like lazada.

 

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[The_King]

1 hour ago, socrates469bc said:

shopee do too much advertisement liao and overexpansion.

 

shld focus on logistics and better pricing like lazada.

 

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[Bigbird]

In the past, companies spend the money the earned/have.

 

Now the trend is, companies spend money they are given by investors!  

 

 

[socrates469bc]

12 hours ago, Bigbird said:

In the past, companies spend the money the earned/have.

 

Now the trend is, companies spend money they are given by investors!  

 

 

 

its called picking the winners.

 

thats why kgk son only got lucky with alibaba while all his other investments failed spectacularly.

 

u think every kgk can perform as consistently as limpeh's monkeys meh?????

 

wahahahahahahahahaha