Axe may fall on over 1,000 jobs at Indonesia’s Tokopedia after merger with TikTok Shop
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[JAKARTA] ByteDance is gearing up for major job cuts and a significant operational scale-back at its Indonesian e-commerce platform Tokopedia, following this year’s mega merger with TikTok Shop, sources say.
The Business Times understands that the cuts, potentially involving more than 1,000 jobs and expected within days to a week, follow an extensive months-long internal review uncovering widespread redundancies post-merger.
Bloomberg reported around 450 jobs will be cut in the first round of layoffs.
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