The Business Times

Indonesia tech firm GoTo to cut 600 more jobs

    • About 600 roles will be affected, Goto Gojek Tokopedia said in a statement, following 1,300 jobs that were cut late last year.
    • About 600 roles will be affected, Goto Gojek Tokopedia said in a statement, following 1,300 jobs that were cut late last year. PHOTO: REUTERS
    Published Fri, Mar 10, 2023 · 05:04 PM

    INDONESIA’S biggest tech firm GoTo Gojek Tokopedia announced on Friday (Mar 10) that it would be carrying out another round of layoffs, aimed at streamlining the organisation and boosting profitability.

    About 600 roles will be affected, the company said in a statement. This follows 1,300 jobs that were cut late last year.

    GoTo previously said that the layoffs were aimed at making the company more “agile”, and at maintaining growth amid challenging global economic conditions.

    On the layoffs, the company said: “One such change is the consolidation of certain businesses and teams across the ecosystem, to create a more streamlined organisation that is better equipped to respond to market demands.” It added that the merchant business of GoTo Financial would be redesigned.

    Last month, GoTo said that its adjusted Ebitda was expected to turn positive in the last quarter of 2023, due to its cost-management measures. REUTERS

    GoTo GroupTech layoffsLayoffs

    Share with us your feedback on BT's products and services

    Feedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More