Indonesian ride-hailing, payments firm Gojek to announce layoffs

SINGAPORE: Indonesian ride-hailing and payments firm Gojek is set to announce layoffs this week, sources with knowledge of the matter said, although the firm declined immediate comment.

Gojek is finalising an investment round of more than US$3 bil (RM12.84 bil) at a valuation of US$10 bil, joined by Facebook and previous investors Tencent and Google.

Widespread closures over the coronavirus pandemic have battered the ride-hailing industry, with firms cutting jobs globally.

Last week, Southeast Asian ride-hailing peer Grab announced it would cut under 5% of its workforce as it looks to ride out the impact of the outbreak. – June 23, 2020, Reuters

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