Indonesia tech firm GoTo to cut 600 more jobs – statement
PT Goto Gojek Tokopedia, Indonesia’s most prominent tech firm, has announced another round of layoffs to boost the company’s profitability. The company said around 600 roles would be affected following the 1,300 jobs cut last year. The releases are part of the company’s efforts to streamline its organization and make it more agile in responding to market demands. Additionally, the company plans to redesign its GoTo Financial merchant business. The company has previously stated that layoffs are necessary to maintain growth amid challenging global economic conditions. PT Goto Gojek Tokopedia expects its adjusted EBITDA to turn positive in the last quarter of 2023 due to its cost management measures.
The article is “Indonesia tech firm GoTo to cut 600 more jobs – statement.”