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It was a masterful demonstration of rapid systems and logistics development, and a good diplomatic effort, too, in the sense of co-ordinating with governments and marketplace partners to operate efficiently during all the lockdowns. But Sea’s other business units are acting as a drag on the top and bottom line.
A few days before reporting Q2 earnings, Wish also announced plans to cut approximately 34% of its workforce, or about 255 employees, in order to “refocus the company’s operations.” Temu also operates as a manufacturer-to-consumer marketplace and offers a wide range of merchandise, from homewares to apparel.
34:09] Project or initiative and it is to your point it’s about operations and you know part of the reason people turned it off you mentioned some of them is. Rob: [34:05] Yeah yeah it’s less about a technology. [34:09] We also saw in consumer electronics.
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