Sea News - June 10, 2026

🔴 Sea Ltd is trading 4% down today as Shopee cuts 8% of developer staff for AI shift

Sea Ltd is trading 4% down at $81.46 following news that its Shopee unit is cutting approximately 8% of its global developer workforce to reallocate resources...

Sea’s Shopee Cuts 8% of Developer Jobs, Pivoting to AI

Shopee is laying off hundreds of global developers this week. The reduction eliminates approximately 8% of the unit's developer workforce. Affected roles...