Some axed employees are suggesting that there were no severance benefits as there 'really is no money'.
SINGAPORE – In a significant restructuring move, e-commerce platform Qoo10 has laid off more than 80% of its Singapore-based workforce over the past two weeks. Despite the mass retrenchments, the platform continues to operate, although the future remains uncertain.
“A total of about 90 employees have been affected. Originally, there were 110 employees here. Now, the only ones left are senior management,” the employee stated, emphasizing that the remaining few staff members are solely focused on maintaining the platform’s day-to-day operations. The atmosphere at Qoo10’s Singapore office reflects the scale of the downsizing. “The two-story office is full of empty desks. If there are really people, there are less than ten,” another former employee remarked, suggesting that the company might be preparing to either sell off its assets or shut down completely.
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