The Singapore-based e-commerce, gaming and fintech provider last year cut more than 7,000 jobs, froze salaries and trimmed spending, helping it to swing to a profit in the fourth quarter. Chief Corporate Officer Yanjun Wang told analysts on Tuesday’s earnings call that Sea doesn’t foresee any further major changes with regard to headcount.
Southeast Asia’s largest internet firm racked up its biggest single-day gain in months on Tuesday after reporting the surprise profit — energizing investors hoping the company will pull off one of the biggest turnaround efforts the region’s fledgling tech sector has ever witnessed.
