Gaming and e-commerce company Sea is putting the brakes on its game livestream platform and shutting projects at its development unit after reporting an almost US$1 billion quarterly loss, two sources familiar with the matter told Reuters. Employees were told that staff numbers at its gaming livestream bus
Gaming and e-commerce company Sea is putting the brakes on its game livestream platform and shutting projects at its development unit after reporting an almost US$1 billion quarterly loss, two sources familiar with the matter told Reuters.
Staff at Booyah!, a gaming livestream and community app, which is part of Sea’s gaming unit Garena, were told that they would be let go and that the app would no longer be updated, the sources said. One source said it meant making 30 to 40 people redundant. A third person with knowledge of the matter confirmed that Sea had shut some major projects and let go"dozens of people", saying it was related to Sea's plan to boost profitability.
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