Some of my juniors who applied for Shopee internship got their offers rescinded like 1-2 weeks ago.
I got a few more working there as full-time PM and SWEs, 1 year+, so far no news for them but yeah they are laying people off, mostly non-tech related people though from what my friends told me.
Knew the company was sketchy tbh, they toss millions into their marketing and for what? 0 moderation on what's being sold on their site, a ton of fake products, bogus products, refunding is a pain in the ass, etc.
Upload a image / video with your review and get more shopee points, literally half the reviews I see are just random pictures and ******** videos by morons who have not even received their product yet. No idea who's even moderating this crap.
Anyway every company is in the red and will probably start laying people off soon. The only safe companies are mostly banks and SAAS / Fintech companies... reason I say that is because they have been around for many decades and their stock valuations didn't change much in the past 6 months... compared to say SEA stocks where they lost 60+% in the past 6 months.
Fresh grads who join risky companies to earn huge, I think that's ok tbh, they are freshers anyway. Go earn that 200-600k a year fast, get fired then join a stable company. You got plenty of time and assuming 0 family responsibility + parents money.
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