Shopee fresh grad pay

Originally Posted by Unregistered

Shopee was my first job, knew things were bad few months ago and started to look for jobs, but many companies seem to look down or brush off my working experience in shopee. Anyone keen to hire me?

Yes. Can you come down for an interview?
No virtual.
We can only offer 4.2k

got laid off from shopee also like 8 months ago, i was pm, grad in 2020 so work like 1 year+

my pay isnt as high as swe, was around 6k when i join in late 2020 but climbed to 8k+ in 2021... anyway after retretch i got new job in 1 month, really not that hard i think its ok if u people first time working and dunno how to find jobs but those with 1+ year exp quite ez to find jobs

Originally Posted by Unregistered

got laid off from shopee also like 8 months ago, i was pm, grad in 2020 so work like 1 year+

my pay isnt as high as swe, was around 6k when i join in late 2020 but climbed to 8k+ in 2021... anyway after retretch i got new job in 1 month, really not that hard i think its ok if u people first time working and dunno how to find jobs but those with 1+ year exp quite ez to find jobs

Wad ur role

No wonder shopee lost billions of dollars la.
Overpaid staff.

Originally Posted by Unregistered

got laid off from shopee also like 8 months ago, i was pm, grad in 2020 so work like 1 year+

my pay isnt as high as swe, was around 6k when i join in late 2020 but climbed to 8k+ in 2021... anyway after retretch i got new job in 1 month, really not that hard i think its ok if u people first time working and dunno how to find jobs but those with 1+ year exp quite ez to find jobs

What was your achievement as PM?

The app still the same since 2019
Sea really pay pple expecting magic to happen but all just useless farks

Dear Sailors,

We have made some difficult announcements lately. I know many of you would have seen negative reports about us in the media, and you may have been shaken by news of us shutting down operations in some markets. I am writing to you today to explain what is happening, and also talk about what we need to do in the next 12-18 months.

As you know, this is a turbulent period for our industry. When countries reopened, we lost the strong tailwinds we had during the pandemic. And then, the world was hit with a series of macro-economic blows, one after another: war in Europe, huge supply chain disruptions, soaring inflation, and slowing economic growth. It has been a brutal year for everyone, and the capital markets have plunged into turmoil. Some economists are predicting a global recession.

Sadly, we are not immune to these shocks. Every team has done its best to weather this storm so far. We have taken each new constraint in our stride and tried to adapt – even when doing so has required painful action. I know many of you have put in extra hours, made do with less, and tried to stay positive as we made these hard turns. Thank you for this.

We can now see that this is not a quickly passing storm: these negative conditions will likely persist into the medium term. Looking at the landscape ahead, the leadership team and I are making some decisions to help us not just survive this storm, but come out of it in as strong a position as possible. I am writing to ask for your support as we implement these plans.

Our number one objective for the next 12-18 months is achieving self-sufficiency. This means achieving positive cashflow as soon as we can. Right now, thanks to years of prudent action and hard work, we have a solid cash base that puts us in a safer position than many of our counterparts in the tech sector. However, we can easily run through this cash base if we are not careful, and with investors fleeing for 'safe haven' investments, we do not anticipate being able to raise funds in the market.

The only way for us to free ourselves from relying on external capital is to become self-sufficient, generating enough cash for all our own needs and projects. If we manage to do this, it will have huge implications for our future. We will have peace of mind, becoming less affected by the external ups and downs that are hurting us today. We will be more strong-footed, and less distracted, able to refocus on our own goals.

This is how I want Sea to emerge from this storm: in a position of certainty and independence, fully able to choose our own path.

To achieve this, we need to do two things:

1. In the immediate term, we must find every way we can to reduce our operating costs. The more cash we save each day, the more time we can buy ourselves to weather out this storm. Every bit counts.
2. Now and into the long term, we must establish a cost-sensitive culture across our organisation. In the past, we have focused on growth first, and sometimes growth at all costs. This was not a wrong approach, as global conditions were ripe with opportunities then. But now that global conditions have changed, we too must adapt. Reining in costs will be an important priority, not just for us, but across our industry. Whichever companies manage to do this the best will be the ones to emerge the strongest from this period of uncertainty.
It will not be easy for us to achieve this. But if we are all willing to pitch in, tighten our belts, and work together, I know we can make it happen.

Similar to what has been announced by many others in our industry, we will be tightening our expense policies, effective from 1 October (although I strongly encourage everyone to abide by them immediately). The full details are in the attached document, but these are the main points:

-Reimbursements for business travel will be capped at economy class flight fares, and USD 150 a night for hotel stays.
-We will be capping international business travel meal expenses to USD 30 per day.
-We will no longer reimburse internal or external meals or entertainment.
-For local car transportation, we will use the most economical service option provided by local ride booking or taxi services.

These new rules will apply to every Sailor, including myself and the entire leadership team.

In addition, the leadership team has decided that we will not take any cash compensation until the company achieves self-sufficiency.

I know that news like this can be difficult to accept. We are watching the world situation closely, and we will need to continue adapting as best as we can. I hope that I can count on your support and understanding as we try to get through this.

You will hear from me more frequently over the next few months. I will do my best to keep you updated on our situation and what we see happening in the world. If you have feedback or ideas, I welcome you to write to me. I may not be able to reply, but I will read and consider every message.

Thank you, Sailors, for all the effort you have put into building our company. Without your hard work, we would not have been able to touch millions of lives. Now, we need to again go through a transition that I know might be painful and stressful, on individuals as well as the collective. But if we can make this next big adaptation, our company will enter a new bound. Self-sufficiency is the key to our future success.

The next 12-18 months are crucial to the long-term health and longevity of our company. Let us do what we need to do to get through this together.

Forrest

://.businessinsider.com/shopee-layoffs-memo-singapore-billionaire-forrest-li-full-text-2022-9

Originally Posted by Unregistered

got laid off from shopee also like 8 months ago, i was pm, grad in 2020 so work like 1 year+

my pay isnt as high as swe, was around 6k when i join in late 2020 but climbed to 8k+ in 2021... anyway after retretch i got new job in 1 month, really not that hard i think its ok if u people first time working and dunno how to find jobs but those with 1+ year exp quite ez to find jobs

Knn 6k still not high.

Originally Posted by Unregistered

What was your achievement as PM?

The app still the same since 2019
Sea really pay pple expecting magic to happen but all just useless farks

Haha I'm not gonna share much because let's be honest you already fixed on the mindset that shopee employees are all useless and trash and that's ok,

For those interested in real info, it was tiring working at shopee and most of the dev documentations were in Chinese. There's lots of meetings with China staffs as well so work late into 10pm+ was quite common.

It is what it is, it was good place to learn and adapt. Now I'm at a much better job that's a typical 8-5 job with 10% more pay and significantly less stress

Honestly if I had a chance to go back I wouldn't. Back then shopee was quite highly favored, now not anymore. It was fun while it lasted.

Originally Posted by Unregistered

got laid off from shopee also like 8 months ago, i was pm, grad in 2020 so work like 1 year+

my pay isnt as high as swe, was around 6k when i join in late 2020 but climbed to 8k+ in 2021... anyway after retretch i got new job in 1 month, really not that hard i think its ok if u people first time working and dunno how to find jobs but those with 1+ year exp quite ez to find jobs

Fresh grad pm in shopee was 4.5k back then starting as associate pm, you started at 6k? CSB.

Sorry to burst your bubble, but Shopee was never "highly favored" in the tech industry; the tech functions are seen as rejects from FAANG that do non-value adding work yet can have meetings at 10pm+. Non-tech functions are mainly segregated into the do fk all that cruises day by day and saikang warriors (this is the entire PM team). The fact that the ratio of SWEs to PMs is closer to 2:1 should be telling of how fked up the department is.

Re retrenchment, you should be aware from day 1 if your function is core i.e. revenue-generating, or experimental in nature (a fkload of "special projects", no clearly defined scope, and daily changing priority). What is happening now is management giving the middle finger to these "growth" projects, and focus on having a unit economics that actually makes sense.

If you are in tech and were affected, my advice is grind LEET codes, explain your past contributions in Shopee (+ points if can concisely touch on "how" and "why" of the systems architecture, shows you are not just a mindless robot), and memorize the typical BS (DP, tree, BFS n DFS, sorts, etc). Don't rely on the Shopee brand name, it stinks.