SE - Lazada Hits The Reset Button: Alibaba's E-Commerce Arm Announces Widespread Layoffs | Benzinga
Alibaba (NYSE:BABA) owned e-commerce platform Lazada has initiated a new series of layoffs in its Southeast Asia operations, with Singapore being the most affected, according to CNBC.
What Happened: Lazada, a Singapore-based e-commerce giant owned by Alibaba, has started laying off employees across its Southeast Asian markets, a source familiar with the matter told CNBC on Thursday. The layoffs are expected to affect employees at all levels, possibly numbering in the hundreds, with Singapore facing the largest impact.
While the layoffs are yet to be confirmed by Lazada, a spokesperson told CNBC, “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.”
All areas of the business, including commercial, retail, and marketing, will be impacted by the layoffs, with employees already receiving meeting invitations from the company. However, no details have been provided yet.
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