Alibaba's Lazada cuts staff across Southeast Asia in fresh round of layoffs
Publishing timestamp: 2024-01-04 04:16:36
Summary
Lazada, a Southeast Asian e-commerce giant owned by Alibaba, has begun a round of layoffs affecting employees across all Southeast Asia markets. The company is facing competition from e-commerce players such as Sea Limited's Shopee and TikTok Shop. Lazada has not confirmed the layoffs but stated that they are making adjustments to transform their workforce. The layoffs are expected to impact all functions including commercial, retail, and marketing. Lazada's parent company Alibaba has also experienced management shake-ups and scrapped plans to spin off its cloud business.
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Keywords: sea ltd, technology, alibaba group holding ltd, thailand, layoffs, asia economy, breaking news: technology, indonesia, business news,