TIME.CO, Jakarta – Amid global economic instability, the trend towards termination of employment (layoffs) continues to haunt the workforce, including startups. In recent times, it has been noticed that a number of companies have laid off their employees. Below is a list of startups that have laid off their employees:
1. Flashes
Glints, a career development startup, is responsible for 18% of its 1,200 employees.
“It is with deep sadness that I must ensure that, to accommodate our business, we will reduce the size of our team,” Glints co-founder and CEO Oswald Yeo said on the company’s official website on Wednesday, December 7, 2022.
2. sayurbox
Sayurbox, an e-grocery startup, has laid off 5% of the total organization. This employee efficiency is executed as Sayurbox’s steps to become a financially independent company and grow sustainably over the long term amid global macroeconomic challenges.
“This difficult decision cannot be avoided so that the company is more agile and able to maintain growth rates so as to continue to positively impact consumers, drivers’ partners and the thousands of local farmers and producers who work with us,” said Sayurbox. Co-Founder and Chief Executive Officer Amanda Susanti in written statement, Wednesday, December 7, 2022.
3. OYO
OYO Hotels, an Indian hotel chain, has laid off 600 employees in its business and technology departments, or about a sixth of its total employees.
“We will do everything we can to ensure that the majority of people we have to outsource find paid employment,” chief executive Ritesh Agarwal told Reuters on Monday, December 5, 2022.
In addition to cutting employees, Oyo is also restructuring the company. One is combining the product and engineering teams on the basis that they allow for smoother functionality. The company is also streamlining its proof-of-concept and pilot development teams.
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