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Host-actress Toni Gonzaga appeared unfazed by the amount of backlash she's been receiving the past few months, especially after announcing being a brand ambassador for e-commerce company Shopee.
In a 1,000-word staff memo sent days before the layoffs began, CEO Forrest Li said the adverse market conditions are "not a quickly passing storm."
The e-commerce giant is reportedly axing 3% of the current workforce in three markets, including Indonesia.
The operator of Southeast Asia’s largest e-commerce platform laid off a number of employees in China on Monday, as its parent Sea Limited trims its global payroll following steep losses.
The company will be restricting expenses, capping all flights at the economy level, and executives will temporarily forgo compensation, Li wrote.