Business update: GoTo CEO cries as he announces layoffs of 1,300 employees, RI receives 125T investment commitment

TEMPO.CO, Jakarta – The latest economic and business news through Friday evening today November 18, 2022, starting with the tears of GoTo officials when announcing the breakdown of social relations or layoffs to 1,300 employees in several countries.

Then there’s the story of Tokopedia employees eagerly awaiting the company’s announcement and investment pledges garnered by Indonesia at the G20 summit. Then there was news of local traders biting their fingers as the Bali G20 Summit and Tempo 2023 Economic Forum officially took place.

The five most viewed news items by readers of the Tempo.co Economy and Business channel. The following is a summary of the five new trends.

1. Announcement of layoffs of 1,300 employees, CEO of GoTo, CEO and COO Tokopedia Cry

Tokopedia employees talked about the atmosphere of the CEO Briefing, the termination announcement (PHK) for 1,300 employees of PT GoTo Gojek Tokopedia Tbk. The meeting was just held this morning online with all the employees.

A Tokopedia employee said GoTo CEO Andreas Santosa, Tokopedia CEO William Tanuwijaya and Tokopedia COO Melissa Siska Juminto cried when they broke the news.

“Sad. André is crying, Mr. William is crying, Ms. Melissa is also crying,” he said when contacted by Tempo on Friday, November 18, 2022.

Learn more about Tokopedia here.

Vince Corbyn

"Tvaholic. Beer guru. Lifelong internet nerd. Infuriatingly humble pop culture scholar. Friendly food advocate. Freelance alcohol fan. Incurable bacon ninja."

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