Jan 05, 2024 01:53 PM

BUSINESS

Lazada Cuts Staff Amid Speculation of Alibaba Division IPO

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Lazada became a subsidiary of Alibaba after the Chinese tech titan acquired a stake in it in 2016 to expand its presence in Southeast Asia. Photo: IC Photo

Lazada became a subsidiary of Alibaba after the Chinese tech titan acquired a stake in it in 2016 to expand its presence in Southeast Asia. Photo: IC Photo

(The Straits Times) — Regional e-commerce company Lazada on Jan. 3 laid off an undisclosed number of its Singapore staff.

In response to queries from The Straits Times, a Lazada spokesman said: “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.”

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