Tech giants cut jobs, slow hiring in Indonesia as reality checks ambitions

Tech giants cut jobs, slow hiring in Indonesia as reality checks ambitions

Jakarta, Indonesia. Photo: Bayu Syaits/unsplash

Several of Indonesia’s prominent tech startups have begun to lay off employees as the ambitions of the past face up to profit pressures of the present, DealStreetAsia has learned.

Gojek , Indonesia’s most valued startup, laid off more than 100 employees in the final quarter of last year. The move affected both permanent and contract workers across different divisions nationwide, according to DealStreetAsia’s sources.

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