What’s going on with SEA’s laid-off tech workers?

More: PhonePe puts another US$100 million into its coffers and Fave’s co-founder announces that he’s stepping down. [Read from your browser]( Daily Newsletter --------------------------------------------------------------- Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. --------------------------------------------------------------- Hello {NAME} It’s not easy having to move on from things. No matter what stage you’re at, it would seem like you’re giving up a lifetime of memories and experiences. And yet, moving on is part and parcel of growing as a person. As a really wise but slightly too forgetful fish once said: “Just keep swimming.” In that vein, many tech workers who’ve been laid off recently are now looking to swim into new waters. In today’s story, my colleague Collin speaks to some affected employees to find out what’s next on the cards for them and shed a little light on what’s going on in the tech job market. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Where are SEA’s laid-off techies headed?]( The trauma of being laid off has led some candidates to ditch startup jobs for a career at non-tech firms.  --------------------------------------------------------------- GET HEARD ON TECH IN ASIA! We want to hear from you! With Grab growing its market lead in food delivery last year, an Aletheia Capital analyst recently [reaffirmed]( his thesis that the Singapore-based tech giant will acquire it rival, GoTo Group. Should Grab buy GoTo? [Click here]( to share your views with the Tech in Asia community! Best responses will be shared with the Tech in Asia community on the Sunday newsletter. --------------------------------------------------------------- TRENDING NEWS [FTX investors take on Sequoia, Thoma Bravo, Paradigm in new lawsuit]( A lawsuit alleges that these VC firms participated in a hype campaign for FTX as they had made big investments in the exchange, Bloomberg reported. [Foodpanda’s SEA staff face layoffs for second time]( The food delivery firm conducted a round of layoffs last September as it aims for profitability. [Shopee quietly rolls out SLoan in Malaysia]( Eligible Shopee users can access loans at competitive interest rates, with flexible repayment options. [Accel backs $8.3m round of industrial B2B marketplace]( Venwiz has onboarded more than 10,000 vendors on its platform, counting the likes of Nestle, ITC, and Tata Coffee as clients. [PhonePe raises another $100m round at $12b valuation]( This is in addition to the US$350 million secured by the Walmart-owned fintech unicorn in January. [Fave co-founder and CEO Joel Neoh to step down]( This comes two years after Fave was acquired by Indian merchant platform Pine Labs for US$45 million in a cash-and-stock deal. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Product Development Conference 2023]( from May 16 to May 17 Tech in Asia’s Product Development Conference is back! This year’s edition, which will be held in person in Jakarta, will feature over 20 industry leaders, experts, and innovators sharing the latest trends and strategies that can accelerate product development growth. [Register now]( and you can get 50% off. This early bird promo is available for a limited time only, though, so don’t miss out!  - [Tech in Asia’s Founders Meetup: Singapore on February 22]( Our networking event, Founders Meetup: Singapore, is happening on February 22, at Crane (Arab Street). Join us and share the hardest challenges you’ve faced as a founder. To help you find solutions, we’ll introduce you to fellow founders who have been there and done that. Register today! ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Head of People]( at Propseller Singapore, Singapore - [Lead Data Engineer]( at Aliz Tech Jakarta, Indonesia - [Tech Lead]( at Sribuu.id Jakarta, Indonesia - [Business Development Specialist]( at Female Daily Network Jakarta, Indonesia - [Business Development Executive]( at Manuva (Tjetak) Jakarta, Indonesia - [Head of Growth Marketing]( at Propseller Singapore, Singapore [ADVERTISE]( | [SUBSCRIBE]( P.S. 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