Indonesian e-commerce enabler SIRCLO has laid off 160 employees, or 8% of its staff, as part of efforts to adapt to unfavourable macroeconomic conditions, the company announced on Tuesday.
The announcement comes amid a string of layoffs at tech startups across Indonesia and the rest of Southeast Asia as economic headwinds impacted their growth and businesses.
Most recently, the tech giant GoTo announced its decision to let go of 1,300 people, or 12% of the group’s workforce, to ensure long-term stability and sustainability. Edtech startup Ruangguru was also reportedly letting go “hundreds” of staff for a similar reason.
