Baca berita tanpa iklan. Gabung Kompas.com+

Gojek Cuts 430 Jobs As Indonesian Economy Slows Down Due to Covid-19

June 24, 2020, 03.05 AM

Both said that they will pay severance to employees, with the amount relative to the number of years of service.

Other benefits include equity arrangement, or the right to buy Gojek stocks, support services, and outplacement programs to help employees find jobs elsewhere.

Thinking for the future

Gojek’s move comes as it finalizes an investment round of more than $3 billion at a valuation of $10 billion by investors Facebook, PayPal, Tencent and Google.

Gojek is known as Indonesia's premier unicorn, or startup worth a billion dollars. The company has earned decacorn status, as its net worth is over 10 billion dollars.

The ride hailing industry has been hard hit by the Covid-19 pandemic, with companies like Lyft and Uber among the most affected companies.

Gojek's cutbacks comes after Grab reduced five percent of its workforce, or 360 of its employees earlier this June. The move is effective in Southeast Asia, including Indonesia.

(Writer/Editor: Tunggul Wirajuda) 

Simak breaking news dan berita pilihan kami langsung di ponselmu. Pilih saluran andalanmu akses berita Kompas.com WhatsApp Channel : https://www.whatsapp.com/channel/0029VaFPbedBPzjZrk13HO3D. Pastikan kamu sudah install aplikasi WhatsApp ya.

Page:


Comment wisely and responsibly. Comments are entirely the responsibility of the commentator as regulated in the ITE Law
Report
Thank You! We have received your report. We will remove comments that conflict with the Community Guidelines and the ITE Law.

More Headlines

News
April 14, 2023, 12.38 PM

Indonesia Detects New Covid Arcturus Variant

Baca berita tanpa iklan. Gabung Kompas.com+
Baca berita tanpa iklan. Gabung Kompas.com+

MOST POPULAR

Baca berita tanpa iklan. Gabung Kompas.com+
Baca berita tanpa iklan. Gabung Kompas.com+
Close Ads
Oke