Sea, the Singaporean company that owns Garena, which publishes similar games free fire, Closes projects and lays off employees in many locations around the world. The move, reflected in the Brazilian market, may be in response to a loss of nearly US$1 billion (about R$5 billion at current prices) that the company suffered in the last fiscal quarter.
spread the information Reuters last week. Among the initiatives affected is Booyah!’s live streaming app, according to site sources. The service does not need to be renewed.
Major blockchain and cloud initiatives were also shut down.According to the insider, “dozens of people” were eventually laid off.
A spokesperson for Sea, the company that also owns Shopee, scored Reuters that the company has “implemented some changes to our operations to improve efficiency that impact multiple functions” and that the company is focused on “the long-term strength of our ecosystem.”
However, a spokesperson for the tech giant declined to say how many people have been laid off.
influence in Brazil
Sea’s actions were reflected in Brazil’s cover as well. O voxel spoke to a person who was disconnected from the brand’s national office.
The source, who preferred not to be named, told the report that this was not the first “wave” of layoffs to hit Garena’s subsidiary in the country. Speaking about the latest round of redundancies, he said news of the layoffs broke on Monday morning (05) and that it “caught everyone by surprise”. “At least on the inside, everything looked good,” he says.
The person also said the atmosphere at the company is “tense” as it is unclear whether another wave of layoffs could occur.
All my solidarity goes out to the many workers laid off today.
Post your CVs and portfolios here and I’ll RT them
– Pedro Falcao (@pifalcao) September 5, 2022
“News [da demissão] It was a hit, you know? All I could think about was how to pay the bills and keep up with the news. Because it was a salary, health plan, and benefits that helped many on a daily basis, and not exactly cheap things. It was a very big shock, I feel sorry for myself and for the other people gone who also depended a lot on being there,” he said.
On the other hand
O voxel Contacted Garena in Brazil and asked if the country had closed projects and how many people were laid off in the local market. However, there was no response until the case was closed. The text will be updated if the company takes a position on this matter.