Japanese flea market operator Mercari lays off almost half its US workforce

Japanese flea market operator Mercari lays off almost half its US workforce

Mercari app. Photographer: Tomohiro Ohsumi/Bloomberg

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

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