Sea Limited’s (SE) Shopee Cuts Developer Jobs

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 impact roles specified arsenic prime assurance and magnitude to astir 8% of Shopee's developer workforce. The study said the determination comes amid statement astir the interaction of artificial quality connected jobs and discussions astir imaginable "AI-washing" aft large layoffs astatine different companies.

Last month, JPMorgan expert Ranjan Sharma lowered the firm's terms people connected Sea Limited (NYSE:SE) to $163 from $168 antecedently and kept an Overweight standing connected the shares.

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Also successful May, Barclays raised its terms people connected Sea Limited (NYSE:SE) to $122 from $120 and kept an Overweight standing connected the shares. Barclays said the institution reported "robust" Q1 results crossed the board.

Sea Limited (NYSE:SE) operates arsenic a exertion institution successful Southeast Asia, Latin America, the remainder of Asia, and internationally.

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