This Singapore-based online platform has fired 80% of its employees

Qoo10, a leading online marketplace in Singapore, has announced a significant reduction in its workforce, laying off approximately 80% of its employees. The company cited challenging market conditions and the need to restructure its operations as the primary reasons for the downsizing.
As reported by Vulcan Post, the company has only retained the senior management team which will focus on keeping the platform operational on a daily basis.