From Sea to GoTo, tech layoffs mount in Asean

1 day ago FMT

SINGAPORE: As Southeast Asian tech companies brace for a tougher business environment, they are borrowing from the US industry’s latest playbook: mass layoffs. Which tech companies are laying off in Southeast Asia? During the earnings call, GoTo group CEO Andre Soelistyo said the layoffs were “imperative” to support the long-term health of the business. Many high-growth tech companies hired too aggressively during the Covid-19 pandemic to meet unprecedented demand for digital services and goods. The wave of tech layoffs in the US is also affecting companies’ Asian bases.
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