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Startup layoffs are rampant, Hary Tanoe: The Golden Age is Over

Friday, 3 June 2022 – 11:22 WIB

VIVA – The phenomenon of termination of employment (phk) in bulk at startups or startup increasingly in the spotlight. The golden age of startups is said to have ended.

This was stated by a national businessman Hary Tanoesoedibjo. In the end, continued HT -as he is familiarly called-, a healthy business is a business that must generate positive cash flow.

The golden days of startup are already over. (Startup golden days are over),” wrote Harry Tanoe on his Instagram account, quoted Friday, June 3, 2022.

HT continued, the provision of subsidies or known as ‘burning money’ in startups is also aimed at getting the market so that the startup company’s business will be healthier.

Providing subsidies is only a means to gain market share which ultimately leads to a healthy business. (The provision of subsidies is only a means to gain market share which ultimately leads to a healthy business),” he concluded.

VIVA reported, start-up companies or startups are starting to get busy making layoffs (PHK). This phenomenon was triggered by the inability to survive during the pandemic, losing in competition and losing in terms of technology.

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