Lazada, a leading e-commerce platform in Southeast Asia, is planning to cut between 25% and 50% of its workforce in the region. The move comes as the company faces increasing competition and speculation about a potential IPO for its parent business unit in 2024. Lazada, headquartered in Singapore, operates in six countries including Indonesia, Malaysia, the Philippines, Thailand, and Vietnam.
In response to queries from ST on Jan 3, a Lazada spokesperson declined to confirm the layoffs, saying: “We are making proactive adjustments to transform our workforce, to better position ourselves for a more agile, streamlined way of working to meet future business needs.” However, sources close to Lazada revealed that it plans to cut between 25 per cent and 50 per cent of its South-east Asia headcount.
The firm, headquartered in Singapore, has a presence in six countries including Indonesia, Malaysia, the Philippines, Thailand and Vietnam. Other media reports speculate that up to 30 per cent of jobs across the region would be axed, and that at least 100 people have been laid off in Singapore. A retrenched Lazada employee, who spoke to ST on condition of anonymity, said workers in every department and across job grades were affecte
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