- GoTo stays silent on rumored ByteDance layoffs at Tokopedia post-merger.
- As a minority shareholder, GoTo claims decisions are up to Tokopedia’s management.
- Reports suggest 9-70% of Tokopedia’s workforce could be affected, but details remain unclear.
Rumor has it…
Tokopedia, fresh off its merger with TikTok Shop, might be in for a wild ride. Local media reports suggest that ByteDance, TikTok’s overlord, could slash a whopping 70% of Tokopedia’s workforce and pull the plug on nearly 80% of its services. But GoTo Group, Tokopedia’s former parent, is staying mum.
In a disclosure document, GoTo Group basically said, “Hey, we’re just a non-controlling minority shareholder here.”
They believe Tokopedia’s management will make smart moves, but any decisions are up to them. GoTo’s washing their hands of this one.
ByteDance’s numbers game
The day before GoTo’s statement, Tokopedia’s founding CEO William Tanuwijaya and longtime COO Melissa Siska Juminto bid adieu to GoTo’s board of commissioners.
Juminto, who had been running the show at Tokopedia, was replaced by ByteDance’s Vonny Ernita Susamto post-merger. Even GoTo’s former CEO Andre Soelistyo jumped ship.
Bloomberg reports that ByteDance’s planned job cuts could affect about 9% of its Indonesian workforce.
But GoTo Group’s like, “As far as we know, there are no plans to ax 80% of Tokopedia’s services.” So, who’s got the real scoop?
To read the original article: https://www.techinasia.com/goto-refutes-80-service-cuts-in-tokopedia
