Sea is said to have cut jobs in its live streaming app which is part of its Garena gaming unit. The Singapore-based company has halted plans for a gaming live-streaming platform, which will no longer be updated, according to a report. It also reportedly plans to shut down some of the company’s blockchain and cloud-related projects at its development division, Sea Labs. The company has faced several setbacks, including a government ban on its Garena Free Fire game.
According to a report by Reuters citing two sources familiar with the matter, Sea told workers at its live-streaming and community service Booyah! that he had no intention of updating the app. The company’s decision to halt development of the app will result in up to 40 layoffs, according to the report.
Meanwhile, the company is also said to have shut down major projects – related to blockchain and public cloud projects – while laying off “dozens” of employees in order to improve its profits, according to the report which quotes a third party. aware of developments.
The report says a spokesperson for the company said it is focused on the long-term strength of its ecosystem and has “made a few changes to improve the efficiency of our operations that impact on a number of roles.
Sea’s popular battle royale game Garena Free Fire was among the mobile apps and games the government banned in February. The ban imposed by the Ministry of IT resulted in the immediate removal of Free Fire, AppLock and 52 other apps from Google Play and Apple’s App Store in the country. Sea later warned that he was affected by the ban in India, where the game had a large player base.