Indonesia‘s biggest tech firm, PT GoTo Gojek Tokopedia Tbk, has cut 1,300 workers or about 12% of its permanent employees, the company said.
The layoff aims to make the company more “agile” and maintain growth amid challenging global economic conditions, GoTo added in its statement.
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By the end of its fiscal second quarter, GoTo said it had reduced structural costs by 800 billion rupiah ($51 million), through efficiency measures in technology, marketing and outsourcing.
GoTo, which posted a net loss in Jan-June 2022 period, is exploring a coordinated secondary offering of shares held by pre-IPO shareholders after a lock-up period ends on November 30
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