Report: Garena Free Fire parent company Sea cuts jobs after reporting almost $1 billion quarterly loss

Singapore-based tech company Sea has cut some jobs. The layoffs reportedly affected several business units, including Free Fire developer Garena.

Reuters reported the news on September 1, citing sources familiar with the matter. 30 to 40 people might lose their jobs as a result.

Here are Sea’s divisions that are facing layoffs:

• Garena, a gaming unit responsible for the company’s mobile battle royale Free Fire;
• Sea Labs, a development arm that is now cutting staff and shutting some of its biggest experimental blockchain and public cloud projects;
• Booyah!, a gaming livestream app, will be shut down and its staff will be let go.

As a Sea spokesperson told Reuters, the company made this decision to “improve efficiency in our operations that impact a number of roles.”

Last month, the Singapore-based company reported a net loss of $931.2 million for the quarter ended June 30. It is up 115% year-over-year.

Sea has also been facing challenges following Free Fire’s ban in India, the country known for its long-lasting fight against PUBG Mobile and many other mobile apps. On top of that, the number of quarterly paying users in the game dropped 39% in the last quarter.