Net TV Layoffs: How Many Employees Are Affected?

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Adi Ahdiat 14/09/2023 18:23 WIB

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As of the end of June 2023, Net TV and its subsidiaries had a total of 910 employees.

Number of Employees of Net TV's Parent Company and Subsidiaries (2021-June 2023)

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Number of Employees of Net TV's Parent Company and Subsidiaries (2021-June 2023)

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PT Net Visi Media Tbk, the parent company of Net TV, conducted a significant round of layoffs in mid-September 2023.

"After careful consideration, the company has decided to downsize its workforce, affecting approximately 30% of its total employees," stated the management of PT Net Visi Media Tbk in a public disclosure to the Indonesia Stock Exchange on Thursday (September 14, 2023).

Management of PT Net Visi Media Tbk stated that these layoffs are part of a company-wide evaluation.

"One aspect of this evaluation includes the impact of technological advancements and government policies and regulations related to the transition to terrestrial digital broadcasting," they said.

"One result of this adjustment and evaluation was implemented in the form of human resource management, where the company reconsidered the performance and needs of each department/division," they continued.

According to its financial report, as of the end of June 2023, the company, with the stock code NETV, still had a total of 910 employees.

They also reported no significant employee reductions or additions during the period 2021-June 2023.

During the first half of 2023, they recorded a net loss of Rp 146.4 billion, a 67% increase compared to the first half of 2022, which saw a loss of Rp 87.34 billion.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Net TV Layoffs: How Many Employees Are Affected?

Net TV Layoffs: How Many Employees Are Affected?

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Net TV Layoffs: How Many Employees Are Affected?

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