Indonesian B2B marketplace Ula lays off 23% staff citing economic uncertainties

Indonesian B2B marketplace Ula lays off 23% staff citing economic uncertainties

Left to right: Ula’s founders Riky Tenggara (co-founder and COO), Derry Sakti (co-founder and CCO), Nipun Mehra (co-founder and CEO), Alan Wong (co-founder and CTO)

Jakarta-based B2B marketplace Ula laid off 134 employees or 23% of the company’s workforce across all geographies, the company said in a statement on Wednesday. The company cited economic uncertainties as the reason behind the move.