How much of this wealth will trickle down to us?     0.00000001% NVM -101%

Lazada cuts 5% of South-east Asia staff, including in S'pore | The Straits Times   https://www.straitstimes.com/business/lazada-cuts-5-of-south-east-asia-workforce-including-roles-in-singapore?fbclid=IwdGRjcASpa9JjbGNrBKlrzGV4dG4DYWVtAjExAHNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABHvFkhxPlbMIqHyOIcRRfJkhZgY_EAEPT7aUc0c7tyG52Q5wHaCpHbWb7scRb_aem_YWdncwsksvQfwv1XQQjN2IhEV2C3&brid=YWdncwEVXVTrQi4TvvqjTEe9S4Wj   Here are the full details from *The Straits Times* report and adjacent briefs regarding Lazada's June 2026 retrenchment exercise:   ### The Core Announcement  * **The Cut:**    Regional e-commerce heavyweight Lazada has laid off **5% of its workforce across Southeast Asia**, affecting all six of its regional markets (Singapore, Malaysia, Indonesia, Thailand, the Philippines, and Vietnam).    * **The Reason:**    A Lazada spokesperson officially attributed the restructuring to business needs, ensuring the platform remains "flexible, efficient, fast-moving, and aligned with current business needs" rather than any specific AI-driven initiative.    * **Singapore Staffing Impact:**    While the exact number of impacted roles in Singapore wasn't disclosed, LinkedIn postings indicate Lazada employs roughly 760 staff locally. Impacted staff are based primarily at the Lazada One office along Bras Basah Road.   ### How the Layoffs Unfolded  * **The Rumors:**    Rumors of the impending cuts surfaced about two weeks prior via online chatter on Reddit in forums discussing local workplace culture and layoffs.    * **Notification:**    Affected employees were formally and directly engaged by the human resources team on June 23, 2026.   ### Coordination with Unions (A Key Shift)   Unlike its highly criticized January 2024 retrenchment exercise—where Lazada bypassed the union entirely, drawing intense backlash and Ministry of Manpower (MOM) intervention—the company handled this round with significantly altered corporate diplomacy:    * **Advance Notice:**    Lazada actively coordinated with the **Food, Drinks and Allied Workers Union (FDAWU)** ahead of time. FDAWU General Secretary Sankaradass S. Chami publicly recognized this advance notification as a sign of positive, trusted labor-management relations.    * **Union Support:**    Eligible affected union members will receive a **one-year extension on their union membership** and access to **training grant support** to help ease their career transitions.    * **Taskforce Oversight:**    The Taskforce for Responsible Retrenchment and Employment Facilitation confirmed Lazada had filed advance notifications. The taskforce stated Lazada is committed to providing severance packages aligned with local Tripartite Advisories.   ### The Broader E-Commerce & Tech Landscape   Industry experts point to this layoff as part of a continued "cooling period" for Southeast Asia's digital economy, emphasizing a permanent shift away from the pandemic-era strategy of "growth at all costs" and heavy subsidies.    * Platforms are now fiercely focused on path-to-profitability and managing bottom-line operational costs.    * The announcement closely followed other notable retrenchments in the sector, including rival platform **Shopee** axing hundreds of global developer roles earlier in June 2026, and **Amazon** cutting local grocery fulfillment roles in Singapore in ea rly May 2026 to refocus on international shipping.

cannot make it then merge    

Laosai till pass out?

kena by ghey ghost?