By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechziTechziTechzi
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Search
© 2023 Techzi . All Rights Reserved.
Reading: DailySocial.id Undergoes Major Restructuring, Entire Staff Exits
Share
Font ResizerAa
TechziTechzi
Font ResizerAa
Search
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Have an existing account? Sign In
Follow US
© 2023 Techzi . All Rights Reserved.
Media

DailySocial.id Undergoes Major Restructuring, Entire Staff Exits

Nicole Kristine Jovero
Last updated: May 2, 2024 2:31 am
Nicole Kristine Jovero
Share
1 Min Read
SHARE
  • DailySocial.id laid off its entire workforce in a major restructuring.
  • CEO Rama Mamuaya hinted at a remaining content publishing team.
  • This follows previous layoffs in August 2023 aimed at achieving profitability by year-end.

Contents
Shedding the newsroomDownsizing dilemma

Shedding the newsroom

Indonesian startup-focused news platform DailySocial.id has laid off its entire workforce as part of a significant business restructuring.

CEO Rama Mamuaya confirmed the employment termination of all staff by the end of April to DealStreetAsia. Although the actual number remains undisclosed, LinkedIn data suggests 32 individuals were associated with the company.

Downsizing dilemma

Mamuaya stated that DailySocial.id would continue publishing content, hinting at a team still working at the firm. Further details on the restructuring are expected on May 2.

This development follows a wave of layoffs in August 2023, impacting 18 personnel due to “the economic situation and tech downturn.” At the time, Mamuaya aimed for profitability by year-end.

The August downsizing occurred shortly after launching DS/X Ventures, the firm’s VC arm investing in early-stage companies.

To read the original article: https://www.techinasia.com/idn-news-outlet-dailysocialid-lays-staff-major-restructuring

TAGGED:div5

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook X Copy Link Print
Share
Previous Article Singapore’s Deferred Payment Players Get Their Stripes
Next Article Beam Shines Bright, Cruises to Profitability

Subscribe to our newsletter to get our newest articles instantly

Please enable JavaScript in your browser to complete this form.
=

Stay Connected

XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow

Latest News

Techzi is Pausing
Media December 24, 2024
Twitch Pioneer Emmett Shear Launches Mysterious AI Venture
AI December 24, 2024
OpenAI CEO Labels Musk a ‘Bully’ in Latest Tech Titan Clash
AI December 24, 2024
AI Revolution Could Spark Live Entertainment Boom
Culture December 24, 2024

You Might also Like

Fintech

Honest Bank’s Piggy Bank Gets Fatter with $2.5M Series B Top-Up

May 27, 2024
Culture

Alexis Ohanian, The Unconventional Journey of Reddit’s Cofounder

June 5, 2024
Deep TechHealth-Tech

Bangkok Hospital Invests $5.45M in Robotic Surgery Revolution

July 16, 2024
e-CommerceFashion

From Maternity Leave to Billionaire: The Rise of Russia’s Richest Woman

July 2, 2024
e-CommerceSocial Media

TikTok Shifts Gears: Ecommerce Expansion in Europe Takes a Back Seat

June 7, 2024
Media

Tech Titans Mend Fences: Bezos and Trump’s Surprising Dinner Plans

December 16, 2024
Fintech

LinkAja Secures Mitsui Investment to Expand Payment Ecosystem in Indonesia

April 1, 2024
VC

Venture Capital in 2024 and Beyond

October 22, 2024
CreatorsStrategy

Intro Shares Jing Gao’s Journey with Fly By Jing, Kickstarting a Culinary Revolution

March 11, 2024
FAANG

The Six Books That Shaped Tim Cook

February 12, 2024
AI

OpenAI Unwraps Festive Tech Surprises in Countdown Reveal

December 13, 2024
Health-Tech

Indonesian Healthtech Startup Raises $5M to Scale Tech-Enabled Clinic Network

February 12, 2024

Techzi

SE Asian tech news: Free & Comprehensive. Read more

Quick Links

  • Logistics
  • Marketplace
  • Mobility
  • Startups
  • VC
  • Food tech
  • Gaming
  • Health-Tech
  • Media
  • Social Media
  • SaaS
  • Travel

Quick Links

  • AI
  • Edutech
  • Climate
  • Creators
  • Crypto & Web3
  • Culture
  • Deep Tech
  • e-Commerce
  • FAANG
  • Fashion
  • Fintech

Techzi Tech Newsletter

FREE and Curated by Tech Insiders

Legal

Privacy Policy

Terms & conditions

TechziTechzi
Follow US
© 2024 Techzi . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?