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GoTo cuts over 1,000 jobs to reduce costs

INDONESIA: Tech firm PT GoTo will layoff 1,300 workers or 12% of its workforce, joining a wave sweeping through the tech industry.

“Challenging global macroeconomic conditions are having a significant impact on businesses around the world and GoTo, like other prudent companies, is making adjustments to ensure it can navigate the uncertain road that lies ahead," it said in a statement.

The tech giant said it has achieved about 800 billion rupiahs (SDG70.1 million) in cost savings in the first half of 2022, utilising efficiency measures in technology, marketing, and outsourcing.

“However, the company has determined that further measures must be taken to ensure it is equipped to navigate the challenges ahead," it said.

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