Homegrown ecommerce firm Carousell has laid off 76 employees from its business and tech departments across its regional offices, including in Singapore.
The affected staff, who were notified by Carousell Group CEO Quek Siu Rui in a town hall this morning (December 6), represent about 7% of the Group’s total headcount. They were also informed individually by their department heads and a HR representative after the meeting.
According to a statement from the platform, the layoff was carried out “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.
Carousell
The National Trades Union Congress (NTUC) and the Creative Media and Publishing Union (CMPU)—which represents Carousell’s Singapore workforce under union membership—have confirmed that they were informed by the ecommerce company about the retrenchment.
According to a CMPU spokesperson, Carousell “assured that it has explored all alternative options, including redeployment to other suitable positions”.
Featured Image Credit: Carousell