Indonesia’s biggest tech firm Goto Gojek Tokopedia announced another round of layoffs aimed at streamlining the organization and boosting the company’s profitability.
Goto in a statement said about 600 roles will be affected. Goto had reduced 1,300 jobs late last year.
“One such change is the consolidation of certain businesses and teams across the ecosystem, to create a more streamlined organization that is better equipped to respond to market demands,” GoTo said.
GoTo Financial’s merchant business would be redesigned.
The company has previously said the laysoffs are aimed at making the company more agile and maintaining growth amid challenging global economic conditions.
GoTo said last month that adjusted EBITDA is expected to turn positive in the last quarter of 2023 due to its cost management measures.