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Bukalapak conducts another round of layoffs, citing 'sustainability'
Homegrown e-commerce company Bukalapak has conducted another round of layoffs since 2019. The reason behind this current round of layoffs was not disclosed.
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The Bukalapak logo. The company listed on the IDX on Aug. 6, 2021 under the ticker BUKA. (Courtesy of Bukalapak)
Homegrown e-commerce company Bukalapak reduced its workforce in a recent round of layoffs, said an executive on Wednesday.
This marks Bukalapak’s second round of layoffs since 2019, when the company laid off hundreds of its employees with the aim of maintaining the sustainability of its business strategy. The reason behind this current round of layoffs, however, was not disclosed.
“Aligned with the nature of the evolving business, Bukalapak has continuously evaluated our performance to better meet our customers’ needs and optimize our operations,” Bukalapak senior vice president of talent Suryo Sasono said in a statement.
“The evaluations resulted in changes that may impact many areas, including our product, technology, process and talent. Some changes will be more challenging than others, but we are confident that it is necessary to ensure our business’s long-term sustainability,” he added.
While exact figures detailing the size of the workforce reduction were not revealed, Tech in Asia previously reported that the downsizing affected roles within customer service, its Mitra business, as well as the product and engineering services, commencing in late July.
Read also: Grab fires 1,000 employees in largest mass layoff since COVID-19
Bukalapak's president Teddy Oetomo said in a statement on July 31 that the recent financial report showed strong revenue growth and improved profitability in all areas in the first half of 2023. The company is confident it can achieve profitability by the fourth quarter of 2023 following continued improvements in its adjusted EBITDA, he said.
