The company has slashed around 21,000 jobs since November 2022 as it has sought to reassure investors that it was reining in costs amid waning revenue growth, high inflation and concerns that Reality Labs was losing too much money.
Indonesia's biggest tech firm PT GoTo Gojek Tokopedia Tbk said today it was laying off 1,300 workers, or 12% of its workforce, joining a wave of technology firms retrenching after years of rapid hiring due to an uncertain economic outlook.