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Indonesia's ‘tech winter’ continues as Ajaib announces layoffs
Ajaib has become the latest fintech firm to be swept by the wave of layoffs in the local industry, announcing it is reducing its workforce by 67 employees.
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A mobile phone displays the Google Play Store page for investment super app Ajaib. (JP//Eisya Eloksari)
F
intech start-up Ajaib has decided to layoff 67 employees, joining the ongoing axing spree afflicting Indonesia’s tech industry.
Through a statement released on Tuesday, the investment super app announced it was currently planning a sustainable business strategy.
“To ensure the company's readiness in facing the uncertain macroeconomic condition, we have been forced to downsize [our workforce], which affects 67 employees,” the statement quoted an unnamed Ajaib spokesperson.
The statement also said the fintech firm was making sure that the affected employees would receive compensation in line with all statutory regulations, an additional severance bonus of one month per year of service and employee health insurance for the next 6 months that also covered their families, as well as counseling support while they searched for their next job.
Read also: As RI tech giants face axing spree, small startups regain funding momentum
In addition, the statement said Ajaib management had voluntarily reduced their salaries, while its founders would receive no pay.
“All of these efforts will have no impact on the continuity of the company or its services to Ajaib customers. Going forward, Ajaib has prepared a strong business strategy to continue realizing financial inclusion in Indonesia,” the statement said.
