[Bigiron]

Alibaba's regional online shopping unit Lazada marks new year with layoffs in Singapore

https://www.theedgesingapore.com/news/di...-singapore

[talky]

tighten yr belt now when brick n mortar shops n even on line companies also see grim days ahead

compounded with the 9% gst n many fees n fares increases this yr 2024 
(they are permanent once raise will not come down)
dont expect this yr to be better than 2023

[sgbuffett]

Not doing well need to cut costs.

[talky]

Not doing well need to cut costs.

today also reported many f&b companies not going to open more outlets not going to expand either

[jus4lucky]

let every things collapsed. vote wisely

[sgh]

Some employees prefer to get laid off after CNY but I guess Lazada no follow the "industry norm" by doing it on first working day of a new year 2024 giving the laid off employees bad celebration feeling for CNY in Feb 2024.