Sea's Shopee Cuts 8% of Developer Jobs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 11 2026
0mins
Sea's Shopee is cutting hundreds of developer jobs globally, affecting roles such as quality assurance, with the reductions amounting to about 8% of Shopee's developer workforce, Bloomberg's Josh Xiao, Tao Zhang, and Olivia Poh report. The move coincides with a growing debate about the impact of artificial intelligence on jobs and discussions around potential "AI-washing" in the wake of major layoffs at other companies, the report says.
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Analyst Views on SE
Wall Street analysts forecast SE stock price to rise
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 89.040
Low
138.00
Averages
184.58
High
226.00
Current: 89.040
Low
138.00
Averages
184.58
High
226.00
About SE
Sea Limited is a consumer Internet company. The Company, through its subsidiaries, operates three core businesses of e-commerce, digital financial services, and digital entertainment, known as Shopee, SeaMoney and Garena. Its segments are e-commerce, digital financial services, and digital entertainment. The platform of Garena offers mobile and personal computer online games and develops mobile games for the global market. It offers e-sports and provides access to other entertainment content and social features, such as live-streaming of gameplay, user chat, and online forums. The platform of Shopee is a mobile-centric, social-focused marketplace. It provides users a shopping environment with integrated payment, logistics infrastructure, and seller services. SeaMoney provides digital financial services and products, including mobile wallet services, payment processing, credit, banking, and Insurtech. It operates in Indonesia, Taiwan, Thailand, Singapore, Malaysia, and the Philippines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Coupang Recovery: South Korean e-commerce firm Coupang (CPNG) faced a $409 million fine due to a data breach, leading to a 46% drop from its 52-week high; however, management reports an 80% recovery of lost memberships and plans expansion into Taiwan and Japan.
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- Increased Market Competition: MercadoLibre faces rising competition from global e-commerce giants like Amazon and Sea Limited; nevertheless, the company is working to turn current business challenges into competitive advantages, maintaining its leadership in the Latin American market.
- Revenue Growth vs. Profit Pressure: Despite a 49% revenue growth to $417 million in Q1 2026, net income fell 16% year-over-year due to over $1.24 billion in bad loan expenses, highlighting profitability pressures as the company expands its fintech operations.
- AI Technology Implementation: To address rising doubtful accounts, MercadoLibre has begun using AI to assist borrowers in making better financial decisions and has expanded loan terms to ease repayment, a strategy that could enhance its market position in fintech.
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- Increased Loan Losses: The company has incurred over $1.24 billion in bad loan expenses from its rapidly expanding lending business, doubling from last year, and despite a 49% revenue growth, net income fell by 16%, reflecting concerns about financial health.
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- AI Technology Utilization: To address rising doubtful accounts, MercadoLibre is leveraging AI to assist borrowers in making better financial decisions and has expanded loan terms; if successful in managing non-performing loans, this could bolster its position in the fintech sector.
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- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade similarly to stocks, where investors are buying and selling 'units' that can be created or destroyed based on investor demand, impacting the ETF's liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing notable inflows (new units created) or outflows (old units destroyed), as these liquidity shifts can significantly affect the performance of individual stocks held within the ETFs.
See More
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- Yum! Brands Potential Deal: Pedro Goulart upgraded Yum! Brands to Buy due to exclusive talks with LongRange Capital for a Pizza Hut sale valued between $3.6 billion and $4.3 billion, which could significantly deleverage the company and enhance capital return capabilities.
- Marvell Technology Downgrade: Oliver Rodzianko downgraded Marvell Technology from Strong Buy to Hold, noting that despite strong AI-driven revenue growth, the stock's 125% surge has led to stretched valuations, leaving limited upside potential moving forward.
- Intel Facing Threats: The Techie downgraded Intel to Sell, highlighting Nvidia's entry into the consumer PC market as a direct threat to Intel's last defensible moat, which is expected to exacerbate ongoing server share losses, prompting a strong market reaction.
See More
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- Price Range Analysis: The AAXJ ETF's 52-week low is $78.0922 per share and the high is $123.16, with the last trade at $122.55, indicating that the ETF is fluctuating near its high, potentially attracting investor interest in its price movements.
- Technical Analysis Tool: Comparing the recent share price to the 200-day moving average can provide valuable technical insights for investors, helping to assess market trends and potential buying opportunities.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade like stocks, where investors are buying and selling “units” that can be created or destroyed based on investor demand, thus impacting the ETF's liquidity and market performance.
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