Image via Vulcan Post
Last updated
PropertyLimBrothers: Layoffs
PropertyLimBrothers laid off 90% of PLB Media staff (~90 employees) across editorial, tech, video, and overseas teams, with realtor exits also occurring
Source: Vulcan Post
The leadership read
Workforce moves like this mark the contracting side of the sector hiring conditions.
Market context: The wider read — a Talent Market Index of 107.9 (Hot), up 2.4 month-on-month — shows Asia signal flow steady (+1.2pts).
PropertyLimBrothers: 0 signals in the last 90 days; 0.1% of MitchelLake's Asia signal flow.
More signals across Asia
Layoffs · Asia
GoKwik →GoKwik (ecommerce enabler platform) laid off 100–120 employees as part of restructuring and automation initiative. Layoffs primarily impacted customer onboarding and tech teams. Founded 2020, backed by Z47 and Peak XV, raised $68M to date.
Layoffs · Asia
Activision Blizzard →Activision Blizzard, under Xbox parent company, is cutting jobs across the board, including elimination of a small number of roles in China.
Layoffs · Asia
Homeplus →Court termination of Homeplus rehabilitation proceedings puts 12,000 employees at immediate risk of job loss. Company reduced workforce from 20,000 (March 2025) to 12,000 (post-Homeplus Express sale) and will likely liquidate.
Layoffs · Asia
Lazada →Lazada is cutting approximately 5% of its workforce as part of a strategic review across South-east Asia markets. The layoffs are not driven by AI initiatives.
Layoffs · Asia
Opendoor →Opendoor shut down entire India office with approximately 250 employee layoffs, citing AI-led automation. Company consolidated manual workflows previously handled by offshore Indian employees.
Layoffs · Asia
Shopee →Shopee laid off approximately 8% of developer workforce globally (hundreds of developers), with Singapore product and engineering teams particularly affected. Restructuring driven by shift toward AI initiatives
Intelligence powered by Autonodal ↗