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Lazada Group, an e-commerce company headquartered in Singapore, reportedly carried out a new round of job cuts this week. Based on the reports, employees from Southeast Asian operations, including Singapore, are affected by the layoffs.
As per Inside Retail Asia, Lazada, which is also an affiliate of Alibaba, will continue to terminate jobs after this round. It will proceed with the cuts for its other markets, affecting junior and senior management staff from different company departments. However, the exact number of people to be laid off was not disclosed.
Cause of the Job Terminations
The spokesperson of Lazada told some media outlets that the move to terminate jobs is part of an organizational scheme. He said that the company is only making proactive changes to transform its workforce and be able to offer the needs of customers better.
The representative further said, "This transformation necessitates that we reassess our workforce requirements and operational structure to ensure Lazada is better positioned to future-proof our business and people."
Estimated Job Cuts in Entire Southeast Asia
It was estimated that about 30% of the workforce is set to lose their jobs. However, there is no confirmation of this percentage yet.
Meanwhile, CNBC reported that Lazada is an e-commerce platform operating in many Southeast Asian countries. It has strong businesses in Vietnam, the Philippines, Indonesia, Malaysia, and Singapore. In any case, it was reported that these latest job cuts will affect the company's various functions, including commercial and retail.
Lazada was purchased by the Alibaba Group in 2016, and it has been under the control of Alibaba International Digital Commerce Group since then. This company also operates Daraz, AliExpress, and Trendyol.
