Gojek cuts 9% of staff, shuts non-core verticals amid Covid-19 pressures

Singapore

INDONESIAN ride-hailing firm Gojek is laying off 430 employees, representing 9 per cent of its regional headcount, while shutting down non-core verticals.

In a press statement on Tuesday evening, the company announced that it will be ceasing two non-core segments: GoLife, which offers at-home massage and cleaning services, and GoFood Festivals, the company's physical food business. Gojek said that many of the laid-off employees work for these two segments.

The cost-cutting moves come as Gojek battles financial headwinds from the Covid-19 pandemic. The startup also recently secured funding from tech giants Facebook and PayPal, reportedly taking its ongoing Series F round to over US$3 billion and valuing …

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