Nipponica

Japanese online marketplace Mercari has laid off nearly half of the employees from its U.S. subsidiary, Nikkei has learned, as it struggles with falling sales and competition from low-price Chinese e-commerce rivals like Temu.

The June layoffs have apparently reduced the workforce to a little over 100 people. The subsidiary had 226 employees at the end of June 2023, excluding temporary workers, a securities filing showed.