First it was crypto exchanges, Crypto.com, Gemini and Coinbase (Rescinding offer). Tesla let go Singapore Country Manager and more to follow with 10% layoff news. Latest addition to the list being Shopee, They were hiring till last week 😧 https://layoffstracker.com/shopee-mass-layoffs/ https://www.businesstimes.com.sg/garage/singapore-based-cryptocom-cutting-260-jobs-as-market-meltdown-worries-swirl https://www.straitstimes.com/business/companies-markets/tesla-lays-off-singapore-country-manager-after-elon-musk-warns-of-global-job-cuts TC: 150k Yoe : 10 #tech #layoff #singapore #shopee #tesla
Well it is a global recession.. Singapore is no exception
Will sg fare better or worse than US?
Significantly worse imo. Singapore's demand is concentrated in a select few firms. There are very few competitive startups
What are some of these firms?
Crypto.com had a layoff too
Asking or telling ?