insider@insider.com (Nidhi Pandurangi) / Insider
Shopee, the Amazon of Southeast Asia, has been on a layoff spree within a year of raising $6 billion – 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.Shopee logoThe latest round of Shopee layoffs came almost exactly a year after the ecommerce giant raised $6 billion through the sale of equity and bonds …
