Singapore – Tech conglomerate Sea, is reportedly shutting down several projects, as well as having staff number cuts, according to a report by Reuters.
Sources told Reuters that its gaming livestream business and its development arm Garena would be cut, as well as staff working at Booyah!, a gaming livestream and community app, would be let go and the app would no longer be updated.
In addition, Sea Labs, the tech conglomerate’s development arm, was shutting some of its biggest experimental projects and cutting staff, including blockchain and public cloud projects.
In a statement to Reuters, Sea said that they have made some changes to improve efficiency in their operations that impact a number of roles, as well as focusing on the long-term strength of their ecosystem.
Sea is the parent company of regional e-commerce giant Shopee.
Meanwhile, some of Garena’s popular developed games include League of Legends, Arena of Valor, Point Blank, FIFA Online 3, and Free Fire, which was banned in India, after government officials allege that data collected from Free Fire was sent back to servers in China.
