On Friday, PT Goto Gojek Tokopedia, Indonesia’s biggest tech firm, announced another round of layoffs aimed at streamlining the organization and boosting profitability. The company stated that about 600 roles will be affected, following last year’s cut of 1,300 jobs.
GoTo said that one change is the consolidation of certain businesses and teams across the ecosystem to create a more streamlined organization that can better respond to market demands. The company also stated that the merchant business of GoTo Financial would be redesigned.
Previously, the company has stated that the layoffs are intended to make the company more “agile” and sustain growth in challenging global economic conditions. Last month, GoTo stated that its cost management measures would cause adjusted EBITDA to turn positive in the last quarter of 2023.