Sea Limited (NYSE:SE) is one of the 10 Fastest Growing Asian Stocks to Buy Now.
On June 11, 2026, Sea Limited’s (NYSE:SE) Shopee is cutting hundreds of developer jobs globally, Bloomberg’s Josh Xiao, Tao Zhang, and Olivia Poh reported
The reductions affect roles such as quality assurance and amount to about 8% of Shopee’s developer workforce. The report said the move comes amid debate about the impact of artificial intelligence on jobs and discussions around possible “AI-washing” after major layoffs at other companies. Last month, JPMorgan analyst Ranjan Sharma lowered the firm’s price target on Sea Limited (NYSE:SE) to $163 from $168 previously and kept an Overweight rating on the shares.
Pixabay/Public domain Also in May, Barclays raised its price target on Sea Limited (NYSE:SE) to $122 from $120 and kept an Overweight rating on the shares. Barclays said the company reported “robust” Q1 results across the board. Sea Limited (NYSE:SE) operates as a technology company in Southeast Asia, Latin America, the rest of Asia, and internationally.