The tech industry in Asia continues to face turbulent times as layoffs sweep across startups and established firms alike. According to the latest data from Tech in Asia's Asia Layoff Tracker, numerous companies have announced significant job cuts in 2025, reflecting ongoing economic challenges and strategic realignments.
Among the most recent updates, companies like TikTok and PropertyGuru have made headlines with substantial layoffs. These cuts, reported as recently as February 2025, highlight the pressure on tech firms to streamline operations amid declining revenues and investor expectations.
In December 2024, ShopBack slashed 195 jobs, while PropertyGuru cut 79 positions, signaling a broader trend of workforce reduction in the region. These layoffs are not isolated incidents but part of a wave impacting various sectors within Asia's tech ecosystem.
The reasons behind these layoffs often include cost-cutting measures, shifts in business focus, and global economic uncertainties. Many firms are reevaluating their growth strategies, with some pivoting to new markets or products, which often results in workforce restructuring.
Despite the grim outlook, some companies are offering support to affected employees, including severance packages and career transition assistance. However, the scale of layoffs raises concerns about the long-term impact on Asia's tech talent pool and innovation landscape.
For the latest updates and a comprehensive view of layoffs across Asia's startup scene, readers are encouraged to follow Tech in Asia's ongoing coverage. The Asia Layoff Tracker remains a critical resource for understanding these evolving trends.
Andrew Lee
