It is understood that Sea, a large Southeast Asian Internet company known as "Little Tencent," said recently that it would cut staff at its e-commerce subsidiary Shopee Indonesia.。

The latest round of layoffs will affect no more than 500 full-time and contract workers in Shopee's customer service team in Indonesia, according to people familiar with the matter, who were notified of the layoffs on Thursday.。

The Singapore-based internet company, which cut more than 7,000 jobs in sluggish market conditions last year, has also frozen wages to control costs and cut spending.。

On March 7, Sea released its fourth quarter and full-year 2022 earnings as of December 31, 2022.。Financial data show that the "broken arm to survive" or the company's performance has played a very direct positive impact.。In the fourth quarter of 2022, Sea's overall revenue was 34.$500 million, up 7.1%; net profit 4.200 million, compared with a net loss of 6.$200 million。It was its first ever profitable quarter.。

"Since the end of last year, we have decisively shifted to focus on efficiency and profitability, which has driven meaningful profit improvements.。Li Xiaodong, Chairman and Group CEO of Sea, said, "We will continue this transition and focus on sustainable growth, and our approach is to do less but do better when serving users across the digital ecosystem."。"

Southeast Asia's largest internet company posted its biggest one-day gain in months after reporting better-than-expected results。Investors hope the company will pull off one of the biggest turnaround efforts ever in the region's burgeoning tech industry。