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PayMongo layoffs 2026
PayMongo, the Y Combinator-backed Philippine payments gateway, cut headcount after a leadership crisis, with CEO Jojo Malolos leading the response.
Source: e27
- Who
- PayMongo · Philippines
- What happened
- PayMongo, the Y Combinator-backed Philippine payments gateway, cut headcount after a leadership crisis, with CEO Jojo Malolos leading the response.
- When
- 2026-11-12
- Source
- e27
- So what
- Reductions rarely fall evenly, and the read is in the pattern.
The leadership read
Reductions rarely fall evenly, and the read is in the pattern. For PayMongo in the sector, cuts like this tend to protect, and sometimes deepen, leadership where the company is betting, while thinning the rest. Across Asia, watch which functions keep or add leadership; that is the strategy stated plainly.
Market context: This lands while the Talent Market Index reads 97.6 (Neutral) — down 3.4 versus the prior month — and Asia signal share is rising (+4.2pts).
PayMongo: 1 signal in the last 90 days.
MitchelLake in this thematic
More signals across Asia
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Media Mulia →Malaysia's oldest newspaper publisher, Media Mulia, agreed to reassess a paid leave program affecting nearly 100 employees and to explore alternatives to layoffs, after planning to cut 100 staff.
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ECCO →Danish footwear maker ECCO halted production at its Bau Bang factory in Ho Chi Minh City on November 2, affecting 1,611 employees including 259 outsourced workers. Most contracts end November 30. ECCO is also closing its Portugal factory (about 650 workers) and cutting around 400 global and regional positions as part of a group restructuring to reduce costs and overcapacity.
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ECCO Vietnam →ECCO Vietnam halted production at its Bau Bang Commune factory in Ho Chi Minh City and began dissolution procedures, with about 1,600 workers losing their jobs.
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Nagoshi Studio →Nagoshi Studio, developer of Gang of Dragon, has closed months after NetEase withdrew funding.
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Airports Corporation of Vietnam →Airports Corporation of Vietnam (ACV), developer of Long Thanh International Airport, cut 1,360 staff in Q3 2026, bringing 2026 reductions to nearly 3,700.
Where this lands in our work
- Fractional & Interim Executives →
Contraction concentrates scope on fewer leaders, and interim capability covers the gap.
- Scale-up →
Regulated-market scale-ups add leadership layers earlier than their headcount implies.
- Executive Search: Asia →
Our Asia practice runs the searches behind signals like this one.
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