The Financial Espresso "Amazon & Shopee on AI; Rural Crop Plan & Debt; N..."

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The Financial Espresso "Amazon & Shopee on AI; Rural Crop Plan & Debt; N..."

er jobs in pivot to AI beatriz.shinye@ubs.com

According to Yahoo, Sea's Shopee is reducing its global developer workforce by +55-11-2767 6569

hundreds, aligning with competitors worldwide who are downsizing personnel as

they integrate AI into operations and advance technology-driven services. The

layoffs, initiated this week, represent approximately 8% of Shopee's developer

team, according to sources familiar with the situation. The cuts were also reported

by the WTJ, indicating that some teams were cut entirely and others experienced

staff reductions of~10%-15%. Our take: The competitive landscape in the Latin

American e-commerce sector remains intense. Previously, MELI mentioned that the

company currently employs over 20k developers, but for the first time in its history,

it does not plan to expand this number in 2026 -see more on MELI's transformations

in artificial intelligence.

Ministry indicates that it will not get R$ 670 billion for the 2026/27 Crop Plan

According to Globo Rural, the Ministry of Agriculture has indicated to members of

the Parliamentary Front for Agriculture and Livestock (FPA) that it will be unable to

meet the proposed funding of R$670 billion for the 2026/27 Crop Plan, as suggested

by the agricultural sector. The R$670 billion figure was recommended by

organizations such as the Brazilian Confederation of Agriculture and Livestock

(CNA), the Organization of Brazilian Cooperatives (OCB), and the Institute for

Agricultural Policy Studies (IPA). During a meeting with the Minister of Agriculture,

Mr. André de Paula, lawmakers were informed that the allocated amount will

exceed the R$594 billion provided for the 2025/26 cycle, which covers small,