After a $1bn quarter loss, Garena's parent company halts projects and lays off some staff

1 year 8 months ago

After a $1 billion loss in its lastest quarterly financials report, tech firm Sea is halting its game livestream service and closing projects in development, according to Reuters.

Sea is also the parent company of Singaporean game developer and publisher Garena – the studio behind Garena Free Fire.

Sources speaking with Reuters said that gaming livestream Booyah!, a business unit of Garena, and Sea's development team would be seeing staff layoffs.

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Author
Jeffrey Rousseau