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Home›Global Markets›Emerging Markets›Tokopedia denies mass layoffs as restructuring fears p…

Tokopedia denies mass layoffs as restructuring fears persist

SCMP Economy reports the company is majority-owned by ByteDance, and analyst concerns center on Indonesia’s tech sector showing few signs of easing.

Reported · Written up by our desk · Emerging Markets

SCMP Economy reports that Tokopedia denied reports of sweeping layoffs, saying the changes relate to restructuring rather than mass job cuts.

The outlet says the latest reports have renewed concerns about Southeast Asia’s digital economy, with analysts warning that Indonesia’s tech downturn shows few signs of easing.

Sources

SCMP EconomyIndonesia’s Tokopedia denies mass lay-offs, but ‘restructuring’ deepens tech winter fears

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