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Wednesday, May 8, 2024

Bangkok Post – E-commerce competition set to heat up

Lazada layoffs an effort to control costs

A file photo shows workers at a Lazada warehouse in Jakarta, Indonesia. The firm initiated a fresh round of layoffs across Southeast Asia, according to a CNBC report.

The round of layoffs taking place at Alibaba-owned Lazada in Southeast Asia signals tougher competition in Thailand’s e-commerce sector as players jockey for profit growth to increase investor confidence and prepare…

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