NTUC ish Jin Disappointed by Lazada Leetrenchment de woh

[k1976]

https://mothership.sg/2024/01/lazad...-ahead-of-possible-ipo-fails-to-notify-union/


Mighty NTUC added that the matter has been escalated to the Ministry of Manpower.

"NTUC stands by FDAWU and [its] affected workers. We too are extremely disappointed in this move by Lazada," NTUC said.

It is crucial for companies to work with their union to ensure a fair and equitable process is carried out to safeguard the interests of all workers, NTUC reiterated.

 

[k1976]

Why Lazada dun respect NTUC leh?

 

[k1976]

NTUC appealed to companies to be considerate about the timing of such exercises by avoiding carrying them out during festive periods.


The statement added: "In the event of retrenchment, companies must ensure openness, transparency and consultation with unions and workers, and observe the guiding principles outlined in NTUC's Fair Retrenchment Framework and the Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment."

 

[k1976]

"NTUC stands by FDAWU and [its] affected workers. We too are extremely disappointed in this move by Lazada," NTUC said.

It is crucial for companies to work with their union to ensure a fair and equitable process is carried out to safeguard the interests of all workers, NTUC reiterated.

 

[k1976]

Will u buy at Lazada?

 

[myfoot123]

Why Lazada dun respect NTUC leh?

Because NTUC linked to garment, and our garment see PRC no up, day and night broadcast how bad PRC economy was. Now Lazada said, like that I show NTUC middle finger

 

[k1976]

Because NTUC linked to garment, and our garment see PRC no up, day and night broadcast how bad PRC economy was. Now Lazada said, like that I show NTUC middle finger

Omg.....that actually mean Tiongkok Inspired 2024 recovery rally is 冻过水

 

[laksaboy]

How cute, a fake labour union pretended to be a champion for the welfare of workers.

Please lah, no need to 装逼 until like this.

 

[k1976]

How cute, a fake labour union pretended to be a champion for the welfare of workers.

Please lah, no need to 装逼 until like this.

They really really 为国为民

 

[k1976]

 

[k1976]

 

[k1976]

NTUC Song for u?

 

[k1976]

Always remember...cheaper, better and faster

 

[k1976]

https://www.businesstimes.com.sg/st...ee-lazada-brace-bruising-2024-south-east-asia


SOUTH-EAST Asia’s e-commerce giants face a bruising battle in 2024, with growth slowing just as new players TikTok and Temu are shaking up the status quo.

The notion that profitability would come with scale has come under challenge, as Chinese platforms brought the fight to market leaders Shopee and Lazada and ate up market share.

Already, there are casualties in the fight. Lazada is set to axe 30 per cent of its staff across South-east Asia, according to a Thursday (Jan 4) report by Tech In Asia. About 100 have been laid off in Singapore so far, according to a CNA report. The latest exercise was preceded by a round of layoffs in October 2023.

Shopee too slashed headcount, with three rounds.

 

[k1976]

https://investorplace.com/2024/01/a...hat-to-know-about-the-latest-lazada-job-cuts/



Shares of e-commerce stalwart Alibaba (NYSE:BABA) — essentially China’s flagship enterprise — fell conspicuously on Thursday. Earlier this morning, CNBC revealed that Alibaba-owned Lazada — which is billed as a virtual shopping mall for the Southeast Asian market — is set to issue a headcount reduction. These layoffs reflect intense competition in the underlying region, putting pressure on BABA stock.

According to the aforementioned article, a person with direct knowledge of the matter stated that employees across all Southeast Asia markets from all levels will be affected. Further, the number of impacted could be “in the hundreds,” with Singapore incurring the brunt of the Alibaba layoffs. CNBC reached out to Lazada’s Singapore spokesperson, who declined to confirm the headcount reductions.

 

[k1976]

We are making proactive adjustments to transform our workforce, to better position ourselves for a more agile, streamlined way of working to meet future business needs,” the spokesperson disclosed to the business news agency. As well, the Lazada representative emphasized the need for reassessing its “workforce requirements and operational structure” to future-proof its business.

Lazada operates across Southeast Asia, namely Singapore, Indonesia, Malaysia, the Philippines, Thailand and Vietnam. Further, the insider source noted that all functions, including commercial, retail and marketing, will be impacted by the Alibaba layoffs. And some employees have allegedly received meeting invites, which may represent a harbinger.

 

[k1976]

Competitive Headwinds Sparked the Alibaba Layoffs​

Over the years — excluding the 2021 meltdown — BABA stock has been a strong player thanks to the underlying company’s dominance in the broader Asian consumer economy. However, the takeaway from the Alibaba layoffs has been that this dominance has come under fire, especially in Southeast Asia.

That might explain the red ink that BABA stock printed. Though it’s not always the case, it’s also not unusual for headcount reductions to lift a company’s share price. To be sure, layoffs stem from financial or business difficulties; otherwise, there would be little point in initiating a morale-reducing action. However, such staff trimming also signals to investors that management is intensely focused on improving profitability.

Unfortunately, the Alibaba layoffs reflect concerns beyond just elevated costs. Per CNBC, Lazada faces stiff competition from rivals. In particular, Shopee — which is an e-commerce platform under Sea (NYSE:SE) — and TikTok Shop (a platform owned by Chinese tech giant ByteDance) present an intense rivalry. Also, Indonesia’s tech juggernaut GoTo inked a partnership with TikTok, broadening the competitive canvas in e-commerce.

Further, the Alibaba layoffs represent the latest in a tumultuous period for the company. Last year, Alibaba scrapped plans to spin off its cloud business. As well, the enterprise underwent a management shakeup.

 

[LaoHongBiscuit]

so shiok to see lazada telling useless and toothless NTUC to fuckoff

 

[laksaboy]

Always remember...cheaper, better and faster

Is that the same Babu Singh who appeared in this propaganda video? 1:04

 

[lostvirgin]

Oh dear, they are disappointed, what can they do?