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Why Sea Limited Stock Is Sliding Today

TheMotleyFool

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Why Sea Limited Stock Is Sliding Today: https://g.foolcdn.com/editorial/images/709337/gettyimages-1256779362.jpg

The share price of Sea Limited (NYSE: SE), a Singapore-based gaming and e-commerce company, was tumbling today after a new report was published saying that the company has laid off 10% of its workforce over the past six months.

The tech stock was down by 5.5% as of 1:53 p.m. ET.

A report published by The Information today said that Sea has laid off more than 7,000 of its employees over the past six months.

Source Fool.com

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