Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 112

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 6
Chunk 112
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 December 31, 2024 and 2023, we employed
a total of 762 and 932 full-time employees, respectively. The reduction in our employee count was primarily due to workforce optimization
measures made in response to changing macroeconomic conditions and shifting consumer demand for our products. The following tables give
breakdowns of our full-time employees as of December 31, 2024 by function and by region.

  Department                  
 ──────────────────────────────
  Customer Service        46  
  Finance                 49  
  Fraud Prevention        20  
  HR                      15  
  Internal Audit           3  
  IT                     274  
  Legal                    4  
  Logistics              196  
  Operations              24  
  Sales & Marketing      131  
  Total                  762  

  Location      Count  
 ───────────────────────
  China           229  
  Taiwan           23  
  U. S.           494  
  Canada           16  
  Total           762  

During the holiday season, we have historically
added temporary workers to augment our full-time work force. We believe we have a good working relationship with our employees and we
have not experienced any significant labor disputes.

  Share Ownership  
 ───────────────────

For information regarding the share ownership
of our directors and executive officers, see Item 7 under the heading “ Major Shareholders.”

  Disclosure of a Registrant’s Action to Recover Erroneously Awarded Compensation  
 ───────────────────────────────────────────────────────────────────────────────────

None.

Item 7. Major Shareholders and Related Party
Transactions

  Major Shareholders  
 ──────────────────────

The following table sets forth information with
respect to the beneficial ownership, within the meaning of Rule 13d-3 under the Exchange Act, of our common shares as of March 31, 2025,
retroactively adjusted for the twenty-for-one share combination, effective April 7, 2025, for:

  each of our directors and executive officers;  

  all of our directors and executive officers as a group; and  

  each shareholder or group of shareholders known to us to own beneficially more than 5% of our common shares.  

Beneficial ownership includes voting or investment
power with respect to the securities. Except as indicated below, and subject to applicable community property laws, the persons named
in the table have sole voting and investment power with respect to all common