- Laid-off Lazada employees face 12-month non-competency, barring work at Sea, Grab, and Amazon.
- They risk losing vested shares still in trust if violated.
- Experts criticize the broad bans and clawback provisions as overreaching and unethical, given limited reemployment options.
Non-compete challenges at Lazada
Retrenched Lazada employees face restrictive 12-month non-compete clauses covering competitors like Sea, Grab, and Amazon. Violations enable Lazada to cancel vested shares still held in trust, though experts debate enforceability.
Affected managers had chunks of income in now devalued restricted stock units (RSUs) they can’t sell back per contracts. While typical during layoffs, Lazada provided little notice plus vague redundancy reasons.
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RSU woes and ethical concerns
The non-compete list also bars working for Lazada partners like FairPrice and Kerry. Lawyers say broad industry bans often overreach, especially given limited reemployment options.
Some employees lost unvested RSUs entirely. But Lazada can also claw back portions vested over years of service under certain conditions.
Experts criticize the terms as overly harsh and unethical. With lingering job impacts yet unclear after multiple layoff rounds, Lazada stands accused of indifference toward staff welfare.
