CAROUSELL has axed 76 employees across its regional offices on Friday (Dec 6) after a company-wide town hall in the morning. The affected staff represents 7 per cent of the total headcount and includes employees in the Singapore office.
In a statement released on Friday, the platform said the layoffs were done to match market reality in some business units, and to reallocate resources to areas that are showing promise.
“These adjustments aim to ensure the long-term sustainability and operational efficiency of our group,” said a Carousell spokesperson.
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