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Singapore, August 31:슬롯 머신 사이트 추천Qoo10, formerly known as GMarket, is a Southeast Asian e-commerce company that슬롯 머신 사이트 추천has laid off nearly슬롯 머신 사이트 추천80% of its employees amid슬롯 머신 사이트 추천challenging market conditions and슬롯 머신 사이트 추천restructuring. The Qoo10 layoffs affected people working in슬롯 머신 사이트 추천Singapore and 90 out of 110 affected were not offered any슬롯 머신 사이트 추천benefits due to the company's lack of funds.
The슬롯 머신 사이트 추천reports said that슬롯 머신 사이트 추천the슬롯 머신 사이트 추천Qoo10 layoffs affected almost all the people across many divisions, except the senior management team. The슬롯 머신 사이트 추천remaining team is expected to run the platform operations. The Singapore-based company, which슬롯 머신 사이트 추천operates in online marketplaces in Indonesia,슬롯 머신 사이트 추천mainland China, Malaysia and Hong Kong, came to a decision to reduce its workforce슬롯 머신 사이트 추천amid issues in South Korea.슬롯 머신 사이트 추천Goldman Sachs Layoffs: Investment Banking Firm To Lay Off Over 1,300 Employees as Part of Annual Review Process, Says Report.
The reports said that Qoo10슬롯 머신 사이트 추천operations in the슬롯 머신 사이트 추천South Korea had defaulted on payments to local merchants and consumers last month. This resulted in슬롯 머신 사이트 추천financial issues, which caused the company to cut jobs at its Singapore headquarters.슬롯 머신 사이트 추천On August 13, the e-commerce슬롯 머신 사이트 추천company announced슬롯 머신 사이트 추천the first round of job cuts, which affected several departments. The employees who were laid off슬롯 머신 사이트 추천were mostly based in Singapore.
The reports said that only a small number of foreign staff슬롯 머신 사이트 추천were affected by the workforce reduction.슬롯 머신 사이트 추천Initially, the슬롯 머신 사이트 추천company did not intend to슬롯 머신 사이트 추천lay off 80% of its슬롯 머신 사이트 추천employees.슬롯 머신 사이트 추천Qoo10슬롯 머신 사이트 추천apologised and expressed regret for making such a decision. Moreover, the online e-commerce company슬롯 머신 사이트 추천is anticipated to shut down its operations entirely and begin selling its assets.슬롯 머신 사이트 추천Shell Layoffs: Energy Company To Lay Off 20% of Its Employees To Reduce Operating Expenses.
The Qoo10 shutdown may be announced in the future; however, the company seems operational as of now. Despite the company not being linked to any labour unions, the employees affected by the Qoo10슬롯 머신 사이트 추천layoffs슬롯 머신 사이트 추천had been offered support if required.슬롯 머신 사이트 추천The reports슬롯 머신 사이트 추천highlighted that Singapore's Ministry of Manpower confirmed that it is monitoring슬롯 머신 사이트 추천the situation at Qoo10. A report by슬롯 머신 사이트 추천Vulcan Post highlighted슬롯 머신 사이트 추천the layoffs at Qoo10, "the two-storey office is full of empty desks."슬롯 머신 사이트 추천
(The above story first appeared on LatestLY on Aug 31, 2024 12:37 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
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