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A difficult game: Why tech giant Sea’s cost-cutting casualties included Singapore football players
Rising interest rates and the need for tech firms to conserve cash have been a reality check
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The Lion City Sailors’ training facility in Mattar Road. The club announced the departure of six highly paid players a few weeks ago.
ST PHOTO: DESMOND WEE
David Kuo
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The shock departure of players from Singapore football club Lion City Sailors, and Singapore-based online gaming and e-commerce company Sea laying off 7,000 workers
Sea is the parent company of Shopee, the largest online shopping platform in South-east Asia, and the maker of popular games like Free Fire. It was founded by Singapore billionaire Forrest Li, who went on to buy Lion City Sailors, the Singapore Premier League’s first privatised club.
