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# Southeast Asia’s biggest internet company has laid off more than 7,000 employees
- URL: https://www.techloy.com/sea-ltd-has-laid-off-more-than-7-000-employees/
- Published: 2022-11-15T11:24:09.000Z
- Updated: 2022-11-15T11:24:09.000Z
- Author: Emmanuel Oyedeji
- Tags: E-commerce, Tech in Asia, Tech Layoffs

Southeast Asia's biggest internet company, Sea Ltd has laid off more than 7,000 employees, or around 10% of its workforce, over the past six months, according to a report by *The Information,* citing two people with knowledge of the matter.  
  
This comes not long after Amazon made announcements that it'd be [laying off 10,000 employees](https://www.techloy.com/amazon-to-layoff-thousands-of-its-employees-this-week/), in what is the company's largest cut to its employee base.  
  
The South Asian e-commerce and gaming firm listed on Nasdaq with shareholders including Tencent, Blackrock, and Y.Rowe Price, is known for the operations of the e-commerce app, Shopee, the videogame platform, Garena and SeaMoney, a digital financial services platform.

The company which has been described as one of the high-flying companies had burned through massive amounts of money in a bid to grow quickly, a move that proved unsustainable as interest rates soared this year and the economy slowed.  
  
In an earlier report by *Bloomberg*, Sea prepared to lay off 3% of employees at its e-commerce arm Shopee in Indonesia, part of a broader wave of regional job cuts intended to curb losses. Other sources also mentioned that the e-commerce platform plans to exit Argentina and shut local operations in Chile, Colombia and Mexico while its Garena gaming unit would lay off hundreds of staff in Shanghai.