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Indonesian ride-hailing, payments firm Gojek to announce layoffs: sources

Indonesian ride-hailing, payments firm Gojek to announce layoffs: sources

Tuesday, June 23, 2020, 14:20 GMT+7
Indonesian ride-hailing, payments firm Gojek to announce layoffs: sources
Commuters pass by a Gojek advertisement in Singapore, March 4, 2019. Photo: Reuters

SINGAPORE -- Indonesian ride-hailing and payments firm Gojek is set to announce layoffs this week, sources with knowledge of the matter told Reuters, although the firm declined immediate comment.

Gojek is finalizing an investment round of more than $3 billion at a valuation of $10 billion, joined by Facebook and previous investors Tencent and Google.

Widespread closures over the coronavirus pandemic have battered the ride-hailing industry, with firms cutting jobs globally.

Last week, southeast Asian ride-hailing peer Grab announced it would cut under 5% of its workforce as it looks to ride out the impact of the outbreak.

Reuters

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