A number of start-up companies or startup in Indonesia to terminate employment (layoffs) to employees.
The wave of layoffs at startups is thought to have occurred because of the bubble burst phenomenon or bubble burst. Indef researcher Nailul Huda said bubble burst is a condition when the economy rises fast but also falls fast.
Nailul suspects that this is happening in the startup industry in the country, because of its instant growth at the beginning of the pandemic, but it slumped sharply, resulting in a reduction in employees.
“Lots startup which cannot survive at the same time. As a result, there is a phenomenon of layoffs in the digital startup industry, “Nailul told CNNIndonesia.comFriday (27/5).
The following is a list of startups that have laid off in recent times.
1. Zenius
The education startup has cut more than 200 employees. Management admits that the company’s performance has declined amid the economic turmoil.
“In order to adapt to the dynamic macroeconomic conditions that affect the industry, Zenius is consolidating and synergizing business processes to ensure sustainability,” said management in an official statement, Tuesday (24/5).
Employees who are dismissed, said management, will receive severance pay in accordance with the prevailing laws and regulations in Indonesia. In addition, Zenius will also continue employee insurance benefits including family members until 30 September 2022.
2. LinkAja
The news of layoffs also came from the state-owned digital financial service LinkAja, which laid off a number of employees. This is done in the context of reorganizing human resources (HR).
“This HR organizational adjustment is carried out on the basis of the relevance of the HR function to the needs and business focus of this company,” said Head of Corporate Secretary Group LinkAja Reka Sadewo.
According to Reka, there will be several significant changes that will be made by this subsidiary of Telkom, especially with regard to the company’s business focus and objectives. This will affect several aspects of the company’s operations, one of which is the reorganization of HR.
“Of course, this is crucial to do, to ensure that the company can grow optimally, supported by an efficient HR pillar and in accordance with the company’s focus and targets going forward,” said Reka.
Reka emphasized that the HR organizational adjustment steps taken by LinkAja carefully considered the interests of all stakeholders, including employees.
The plan will also comply with the rules and regulations that have been outlined by the government and comply with the principles of good corporate governance.
In addition, Reka ensures that LinkAja’s business operations run as usual. The adjustment of the company organization also does not affect the LinkAja service to users.
3. JD.ID
JD.ID’s online shopping or e-commerce service has taken steps to terminate employment (PHK) for employees.
This is done as an improvisation so that the company can continue to adapt and be in tune with market dynamics and industry trends in Indonesia.
“The company also makes decisions such as restructuring actions, in which there is also a reduction in the number of employees,” said JD.ID Director of General Management Jenie Simon in a statement received CNNIndonesia.comFriday (27/5).
Jenie said that the company is currently focusing on optimizing the employment structure.
Other improvisation efforts were also carried out to review, adjust, and innovate on business and business strategies.
He ensures that the company will comply with labor regulations in accordance with government regulations, and will provide employee rights, as stipulated in the regulation.
(fby/sfr)
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