As GoTo slashes 12% of workforce, massive tech layoffs hit Southeast Asia
Citra had only joined GoTo Group, the massive Indonesian ride-hailing and e-commerce decacorn, in early October 2022. So it was a shock when, a month and a half later, she discovered she’d been fired as part of mass layoffs. On November 18, the Alibaba and SoftBank-backed company, valued at some $15 billion, announced it was laying off 12% of its roughly 10,500-person permanent workforce.
“I was on sick leave, so I found out about the news from Instagram,” recalled Citra, who requested a pseudo