$BABA - LAZADA CUTS 5% OF WORKFORCE Alibaba-owned Lazada is laying off 5% of its workforce across Southeast Asia as it streamlines operatio…
$BABA - LAZADA CUTS 5% OF WORKFORCE
Alibaba-owned Lazada is laying off 5% of its workforce across Southeast Asia as it streamlines operations and focuses on efficiency.
The move comes amid fierce e-commerce competition and growing AI adoption.
Lazada’s regional market share fell to 11% in 2024 from 24% in 2020, while rival Shopee held 53%. Revenue at Lazada declined 3% in its latest fiscal year.
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