Ecommerce platform Shopee is laying off HR, regional ops, marketing, engineering staff. Shopee was launched in seven Southeast Asia markets in 2015 and now operates in 13 countries. Shopee reported a loss of $931.2 million in the second quarter of 2022, widening significantly compared to 2021. Shopee reported a loss of $931.2 million in the second quarter of 2022, widening significantly from a net loss of $433.7 million in the second quarter of 2021, according to Sea Limited's financial statements. However, in Brazil, Shopee's revenues rose by 270% year-on-year in the second quarter of 2022, the quarterly statements show.

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