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Sea’s Shopee cutting hundreds of developer jobs in pivot to AI — Bloomberg​

Josh Xiao, Tao Zhang & Olivia Poh / Bloomberg
Wed, 10 June 2026 at 7:16 AM SGT
2 min read
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Sea’s Shopee is cutting hundreds of developer jobs globally, joining rivals across the world in slashing staff while they adopt AI in the workplace and develop new services based on the technology.

(June 10): Sea Ltd’s Shopee is cutting hundreds of developer jobs globally, joining rivals across the world in slashing staff while they adopt AI in the workplace and develop new services based on the technology.

The reductions, which started this week, amount to about 8% of Shopee’s developer workforce, according to people familiar with the matter. They affect roles such as quality assurance and more cuts might follow, the people added, asking not to be identified discussing private information.

 

[Sikodolaukazzz]

I applaud the PAP government for helping the old folks.
You old folks should be happy you are not living in USA or India.

Useless cuntries like Canada, EU, USA, Australia, NZ and Yindiah should all send their politicians to Singapore to learn from PAP before being allowed to contest in their own elections.

I am not joking.
And stop complaining like little spoilt kids. Be happy that you do not have to sleep on the streets.


Singapore’s gross public debt is about 170% to 175% of GDP, one of the highest in the world. Despite this striking headline figure, the country has zero net debt. The government holds financial assets that significantly exceed its liabilities, maintaining a pristine top-tier AAA sovereign credit rating.
Unlike most nations, Singapore does not borrow to fund day-to-day government spending or budget deficits. Its debt serves completely different purposes:

• Pension & Market Development: The majority of debt is non-publicly held, such as Special Singapore Government Securities (SSGS) issued to meet the investment needs of the Central Provident Fund (CPF). Essentially, the government borrows from the national pension system and invests those funds to guarantee returns for citizens' retirements.
• Foreign Reserves Management: Reserves Management Government Securities (RMGS) are issued to the Monetary Authority of Singapore (MAS) to transfer excess foreign reserves to the government for long-term investments.
• National Infrastructure: Under the Significant Infrastructure Government Loan Act (SINGA), the government issues bonds to finance large-scale, long-term national projects (like major transport lines) to spread costs across multiple generations.