- Indonesian logistics giant Waresix laid off some engineering staff this month.
- Founded in 2017, Waresix has established itself as a major tech player in Indonesia.
- The move aims to enable more efficient operations amid rapid expansion.
Indonesian logistics giant Waresix has implemented a restructuring within its data and engineering department, resulting in employee layoffs, according to sources familiar with the matter.
The move, announced during a February 16th town hall and confirmed by an email to staff, aims to “streamline the product and engineering department,” the company stated.
Restructuring caused by ambitious growth plans
Waresix emphasized that “the leadership made this tough decision with careful consideration and caution” and will “fully honor the rights and benefits of those affected.”
This comes amidst Waresix’s ambitious growth plans, with CEO Andree Susanto recently reiterating their target of doubling growth this year.
How it started as a “player in Indonesia’s booming tech scene”
Founded in 2017 and offering end-to-end logistics services, Waresix has established itself as a major player in Indonesia’s booming tech scene. Boasting over US$154 million in funding from prominent investors like Temasek Holdings and East Ventures, the company has expanded its services through acquisitions like Trukita, strengthening its first-mile capabilities.
While the layoffs might raise questions about Waresix’s overall strategy, it’s crucial to consider the company’s broader context. Streamlining operations is a common tactic during phases of rapid growth, allowing for more efficient resource allocation and strategic alignment.
A dynamic landscape
Waresix’s leadership emphasizes its commitment to supporting affected employees, further demonstrating its focus on responsible practices even amidst internal changes.
Ultimately, Waresix’s restructuring highlights the dynamic nature of Indonesia’s tech landscape. While challenges exist, the company’s continued growth trajectory, coupled with its commitment to responsible practices, suggests it’s well-positioned to navigate this evolving environment.
