Carousell, one of the sites for buying and selling used goods, has now announced that they will reduce almost 10% of the workforce in their company.
Carousell's move comes after a number of other tech companies have also laid off their workers, and cut costs.
The founders of Carousell said that, after Covid-19, they were optimistic about the transition and high demand for the advertising business - but the opposite happened. In addition, with the economic uncertainty in 2023, they are now taking steps to reduce the workforce.
Around 110 jobs are expected to be affected under this Carousell move.
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BUSINESS & MONEY
