Tech firm and holding company PT GoTo is set to lay off 1,300 workers, or 12% of its workforce, joining a wave sweeping through the technology industry globally.
“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 IDR 800 billion (SDG 70.1 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.
