Jakarta –
The storm of layoffs (layoffs) hit at least 6 companies in the past two months. Economists predict that more and more companies will layoffsranging from the fashion sector to tourism.
“I think (he continues) because next year’s economy should also be lower than it is today for several sectors. First, for example, the garment industry, textile industry and industry will be hit first. clothing. So tourism won’t rebound. It’s still like that, “the executive director of the Institute for Economic Development and Finance (INDEF), Tauhid Ahmad, told detikcom on Monday (10/24/2022). .
Meanwhile, other sectors are also expected to experience a decline in their activities, although the possibility of layoffs is reduced. “For example, the automotive sector will also decline, but this automotive sector is not fired, yes, it’s just the business. For others, the corporate sector whose target market could be the lower-middle class,” he continued.
According to Tauhid, the phenomenon of layoffs that have occurred in the last two months cannot be avoided. In fact, he said it was the peak of testing for various companies, especially startups.
“For these companies to see if their financial scenario is long-term or not. If we look at this, the market is not suitable. Grab it just happened, others really have to choose which is profitable or not,” he said.
Currently, Tauhid said that many startups are not competitive with the larger ones. Whereas people seem to be more inclined to choose bigger startups.
“Well, that’s probably why they can’t survive because they also provide more support to employees, but the business isn’t built. So losing the competition isn’t strong enough to provide financial support or burn money anymore,” he continued.
Contacted separately, the executive director of the Center of Reform on Economics (CORE) Indonesia, Mohammad Faisal, also said that the phenomenon of layoffs will continue until next year. Furthermore, the threat of a global recession is very great in the future.
However, he did not say how many business sectors he would be affected. Faisal explained that the current reason for many layoffs was due to various factors.
“Some are due to higher production costs plus inflation. The price of raw materials is becoming increasingly expensive, and the weakening of the rupee rate has also affected it. Especially for those who use raw materials from abroad, it becomes more expensive,” He said.
In addition, other factors are increased logistical costs, subsidized and unsubsidized fuel prices. So that in the end they encourage company actors to be efficient by reducing the number of employees.
“This is something to watch out for because the trend will continue in the future, this will continue to happen in the future,” he said.
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(yes / zlf)
