Bukalapak to Lay Off 250 Employees

Translator

Dewi Elvia Muthiariny

Editor

Laila Afifa

Selasa, 10 September 2019 21:14 WIB

TEMPO.CO, Jakarta - Responding to rumors about work termination (PHK), Bukalapak spokesperson Intan Wibisono has confirmed that her corporate will dismiss 10 percent of its total number of employees or around 250 workers.

“The number is small, only 10 percent of total employees at 2500 people. So, it’s surely limited and selective,” said Intan to Tempo, Tuesday, September 10.

The country’s unicorn is set to conduct planned layoffs gradually. The decision is made in a bid to maintain the sustainability of its business strategy.

She underlined that despite the layoff, the e-commerce company will still recruit new employees.

Intan added that her corporate will grant interesting compensation for dismissed workers, compared to that of regulated in the Employment Law.

“[The compensation is] even better than that of noted in the regulation. But it definitely is based on the law and even better,” she remarked.

The reason, Intan went on, is because of the growth of gross merchandise value (GMV), which is a key value of any e-commerce, and the higher status of the firm. “We have successfully booked higher monetization and profitability than we previously expected,” she revealed.

Moreover, corporate structuring will be carried out in a limited and selective manner. “So we can focus to implement a long-term business strategy.”

Intan further said that Bukalapak’s gross income in mid-2019 saw three-fold hike compared to that in mid-2018. “We reduce half the loss from income before interest, tax, depreciation, and amortization (EBITDA) for the last eight months,” she concluded.

EKO WAHYUDI

Related News

Airlangga Hartarto Guarantees Business Stability for UK Companies in Indonesia

34 menit lalu

Airlangga Hartarto Guarantees Business Stability for UK Companies in Indonesia

MInister Airlangga Hartarto, promotes Indonesia's Special Economic Zones to British investors, assuring them of business certainty in Indonesia.

Read More

1,000 Workers Laid Off Amid Tin Corruption Case, Bangka Belitung Govovernor Says

1 jam lalu

1,000 Workers Laid Off Amid Tin Corruption Case, Bangka Belitung Govovernor Says

Acting Governor of Bangka Belitung says five smelters involved in the tin corruption case have laid off 1,000 workers.

Read More

Tokopedia Rises Merchant Service Fees

5 hari lalu

Tokopedia Rises Merchant Service Fees

Home-grown e-commerce platform Tokopedia has decided to increase its merchant service fees, which will come into effect from May 1, 2024.

Read More

TikTok Shop Officially Re-branded as Shop Tokopedia

28 hari lalu

TikTok Shop Officially Re-branded as Shop Tokopedia

Tokopedia CEO Melissa Siska Juminto announced that the migration process of TikTok Shop to the e-commerce platform was completed on March 27, 2024.

Read More

Tokopedia CEO Highlights Predatory Pricing Practices in E-Commerce

28 hari lalu

Tokopedia CEO Highlights Predatory Pricing Practices in E-Commerce

Homegrown e-commerce giant Tokopedia CEO Melissa Siska Juminto speaks up on the issue of predatory pricing practices in e-commerce.

Read More

Malaysia Mini-mart Outlet Attacked after 'Allah Socks' Outcry

32 hari lalu

Malaysia Mini-mart Outlet Attacked after 'Allah Socks' Outcry

Malaysia's 2nd-large mini-market chain apologizes over the socks, saying it viewed the matter seriously and took immediate action to stop their sale.

Read More

China's Xi Jinping to Meet with American Executives on Wednesday, Sources Say

36 hari lalu

China's Xi Jinping to Meet with American Executives on Wednesday, Sources Say

China's President Xi Jinping will meet with American business leaders in Beijing on Wednesday, March 27.

Read More

Unilever Layoff 7,500 Employees Worldwide To Save Cost, Spins Off Ice Cream Business

41 hari lalu

Unilever Layoff 7,500 Employees Worldwide To Save Cost, Spins Off Ice Cream Business

Multinational company Unilever revealed the reasons for laying off 7,500 employees worldwide.

Read More

Starbucks Middle East Franchisee AlShaya to Cut Over 2,000 Jobs, Sources Say

57 hari lalu

Starbucks Middle East Franchisee AlShaya to Cut Over 2,000 Jobs, Sources Say

Starbucks franchisee in the Middle East plans to lay off over 2,000 people as the business takes a hit from consumer boycotts linked to the Gaza war

Read More

Bali Property Landscape Trend Positive in 2024, Real Estate Company Claims

58 hari lalu

Bali Property Landscape Trend Positive in 2024, Real Estate Company Claims

Bali is currently experiencing a significant shift in its business landscape, especially in the property sector.

Read More