Massive Layoffs of World Technology Companies, Dominated by the US?

Termination of Employment or commonly referred to as layoffs has worried nearly hundreds of thousands of employees in various world technology companies, especially in the United States. The reason is, in total (as of this writing), there were more than 140.000 employees who had been laid off throughout 2022 yesterday.

PHK What was done was none other than the increasingly uncertain economic conditions and the occurrence of inflation as well as the increasingly chaotic stock market prices.

Based on data quoted from Gizmodo, Monday, February 6 2023, out of a total of 140.000 employees who were laid off, around 40.000 of them came from technology companies in the retail and consumer sectors, then 11.000 employees came from technology companies in the health sector

Reporting from Crunchbase. news there are at least more than 500 US-based technology companies that have carried out mass layoffs of their employees with more than 60.000 employees, and will continue throughout 2023.

Meanwhile, a company the size of PayPal also laid off its employees with a total of 2.083 employees and Groupon with 1000 employees. The CEO of PayPal made an announcement regarding the news of PayPal's layoffs and was uploaded to PayPal's official website. For various reasons, one of which was excessive recruitment, companies as large as Qualtrics, Verily, and Carta also laid off their employees.

The global companies that have made layoffs since 2022 yesterday are Meta companies with 11000 employees, Amazon with 18.000 employees and there is Twitter with 3740 employees. Reportedly, the dismissal of Twitter employees was carried out two weeks after Elon Musk took over the company. Twitter is alleged to have carried out mass layoffs since June 2022 yesterday by laying off around 30% of employees from its talent acquisition team.

Then what about the layoffs of technology companies in Indonesia? Check out the Explanation

Reporting from Tempo.co the end of 2022 is the biggest threat to several employees of technology companies in the world, including Indonesia. Economic conditions are one of the main reasons why this company has carried out massive layoffs of several of its employees.

The following is a list of 5 startup technology companies in Indonesia that have carried out massive layoffs throughout 2022-2023:

1. JD.ID

JD.ID is an e-commerce company in Indonesia which is rumored to be officially closing permanently on March 31, 2023. Previously, JD.ID had also carried out massive layoffs of a number of its employees in December 2022 yesterday with a total of 200 employees. Allegedly JD.ID is less competitive than other e-commerce companies in Indonesia such as Shopee, Lazada and Tokopedia.

As the Executive Director of the Center of Economic and Law Studies (Chelios), Bhima Yudhistira is of the opinion that there were several factors for the closure of JD.ID. one of them is the Indonesian market, especially B2C (Business to Consumer) e-commerce which relies on temporary loyalty with promos and discounts, while JD.ID does not provide promos or discounts compared to other competitors.

1. Binary Academy

This technology company which is engaged in education is known to have cut its employees since last October 2022. Nearly 20% of its total employees have been laid off due to the uncertainty of global economic conditions.

1. Goto

This time it was PT. GoTo's turn Gojek Indonesia Tbk (GOTO) which has taken a policy to cut employees of 1.300 employees or about 12% of the total permanent employees.

According to the Main Director of GOTO, Andre Soelistyo explained, the previous policy of cutting employees had been carefully calculated as part of efficiency and optimization of the company's overall burden.

This policy is also expected to be able to maximize the growth of group business monetization, which will impact on the resilience of GOTO's revenue when employee costs are reduced.

1. Just link

As a digital financial service, the LinkAja company recently admitted that the company's operational expenses fell by more than 50%. So we had to cut employees with the aim of efficient reorganization of human resources (HR) so that the company can grow optimally. As quoted from tempo.co, there are approximately 200 employees who must be affected by this downsizing of the organization.

1. Ruangguru

In the last position, there is the company Ruangguru. Just like Binar Akademi, this company engaged in online education has been forced to enter the list of companies that have carried out massive layoffs of their employees from 2022 to now 2023. It is reported that almost 50% of their employees were deliberately asked to leave the company. starting last November 2022.

Header image: Pixabay.

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This article was written by Andi Engku Putribuan, alumni of the #Cohort1 DNA program initiated by DailySocial