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Malaysia’s first unicorn Carsome confirms layoffs after expanding its ecosystem

October 6, 2022

Carsome, Malaysia’s first tech unicorn, has been making the rounds in the last 24 hours over the possibility of a workforce reduction across all its operations in the region. The Southeast Asia’s largest integrated car e-commerce platform eventually confirmed the rumors and indicated that they are indeed going through a “optimization of workforce”, while its executive team forgoes their salaries for the remainder of 2022.

CDPI Emerging Markets