Shein Restructures Its IT R＆D Team in Singapore: Lays Off 17 Employees, Will Continue to Recruit

Chinese fast fashion online retailer Shein dismissed 17 employees at its Singapore headquarters on September 25, despite the company’s plans to continue expanding its business in Singapore.

The layoffs come as Shein prepares for its initial public offering (IPO) in London, changing its previous plan to list in New York.

Shein stated: In order to accommodate the increasing number of employees, Shein continues to expand its business in Singapore and has expanded its new office. At the same time, the company also restructured its IT research and development team in Singapore, relocating some positions to other markets as part of its ongoing global expansion, localization, and efficiency improvement strategy.

The retailer stated that affected employees received notifications on September 25th but did not disclose whether redundancy packages were offered to these employees or how many staff members are currently employed.

The retailer added: “We are committed to working with affected employees throughout the transition period, providing necessary support and assistance, as well as opportunities to apply for other positions to support localization work in other markets.”

Founded in China, Shein has grown rapidly over the past decade. According to Shein, it currently has more than 16,000 employees and serves customers in over 150 countries.

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