Indonesia’s PT GoTo Gojek Tokopedia Tbk Tech Firm Laying Off 1,300 Workers or 12% of Its Workforce: PT GoTo Gojek Tokopedia Tbk is an Indonesian holding company. The GoTo Company has fired 1,300 workers or about 12% of its permanent employees today, November 18, 2022. GoTo said that the layoff aims to make the company more agile and maintain growth amid challenging global economic conditions.
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Recently, more tech firms layoff their employees for economic reasons. Following this, GoTo also laid off their employees. GoTo has achieved around 800 billion rupiahs ($51 million) in cost savings in the first half of this year through efficiency measures in technology, marketing, and outsourcing. The company has decided to take steps to face the challenges ahead
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In recent months, Southeast Asia’s largest e-commerce firm Shopee cut jobs in various countries and shut some overseas operations as Parent Sea struggled with losses. A host of technology firms are laying off staff after years of rapid hiring due to an uncertain economic outlook.