Lazada employees question non-compete clause, clawback of shares after layoffs
January 13, 2024
In January 2024, Lazada conducted a retrenchment exercise in which it laid off a large number of its employees. Many of these employees had remuneration packages which included restricted stock units (RSUs), which is an award of shares that comes with conditions such as a vesting period before they are transferred to the employee. These […]
