Sea Limited’s (SE) Shopee Cuts Developer Jobs
Key takeaways
- Sea Limited’s (SE) Shopee Cuts Developer Jobs Jeff Lewis Wed, July 1, 2026 at 6:04 PM GMT+7 1 min read SE Sea Limited (NYSE:SE) is one of the 10 Fastest Growing Asian Stocks to Buy Now.
- On June 11, 2026, Sea Limited's (NYSE:SE) Shopee is cutting hundreds of developer jobs globally, Bloomberg's Josh Xiao, Tao Zhang, and Olivia Poh reported.
- Last month, JPMorgan analyst Ranjan Sharma lowered the firm's price target on Sea Limited (NYSE:SE) to $163 from $168 previously and kept an Overweight rating on the shares.
Sea Limited’s (SE) Shopee Cuts Developer Jobs Jeff Lewis Wed, July 1, 2026 at 6:04 PM GMT+7 1 min read SE Sea Limited (NYSE:SE) is one of the 10 Fastest Growing Asian Stocks to Buy Now.
On June 11, 2026, Sea Limited's (NYSE:SE) Shopee is cutting hundreds of developer jobs globally, Bloomberg's Josh Xiao, Tao Zhang, and Olivia Poh reported. The reductions affect roles such as quality assurance and amount to about 8% of Shopee's developer workforce. The report said the move comes amid debate about the impact of artificial intelligence on jobs and discussions around possible "AI-washing" after major layoffs at other companies.
Last month, JPMorgan analyst Ranjan Sharma lowered the firm's price target on Sea Limited (NYSE:SE) to $163 from $168 previously and kept an Overweight rating on the shares.