GoTo Reportedly to Lay Off 1,000 Employees: What's the Stock Trend?

Technology & Telecommunications

Premium

Cindy Mutia Annur 15/11/2022 14:50 WIB

URL has been copied

Memuat...

GoTo Gojek Tokopedia Tbk. (GOTO) is reportedly planning to lay off more than 1,000 employees. This is expected to significantly impact GOTO's share price on the stock exchange.

GOTO Stock Price Movement (April 11 - November 14, 2022)

A Small Font
A Medium Font
A Bigger Font

You are accessing content Single Data Premium.
To continue, please subscribe or buy individually.

Professional

Enjoy premium access with a more affordable price.

Start from

~~Rp300.000~~ 150.000/month

Access more premium content and exclusive features for customers.

Start from

50.000/month

Hanya Rp833 per artikel

More details »

Buy Retail

Read the article immediately “GoTo Reportedly to Lay Off 1,000 Employees: What's the Stock Trend?”.

Rp10.000

We accept the following payments:

Some payment methods are still in the process of being activated.

GOTO Stock Price Movement (April 11 - November 14, 2022)

Download

Source

A Small Font
A Medium Font
A Bigger Font

PT GoTo Gojek Tokopedia Tbk (GOTO) is reportedly planning to lay off more than 1,000 employees.

This news was released by the foreign media outlet *Bloomberg* on Friday, November 11, 2022. According to an unnamed *Bloomberg* source, GoTo will cut 10% of its workforce to improve the company's financial efficiency.

On the other hand, GoTo's Chief Corporate Affairs officer, Nila Marita, stated that the company could not comment on the circulating speculation. "GoTo's focus is on building a sustainable business and making a positive impact on Indonesia," Nila told *Katadata* on Friday, November 11, 2022.

Although the news is unconfirmed, the mass layoff rumors seem to have significantly impacted GOTO's stock price on the exchange.

According to Yahoo Finance data, GOTO shares closed at Rp204 per share on Monday, November 14, 2022. This is a 2.86% decrease compared to the closing price of Rp210 per share on Friday, November 11, 2022.

Furthermore, GOTO shares have shown a downward trend since the company's initial public offering on April 11, 2022. To date, the highest share price was recorded on June 15, 2022, at Rp404 per share, while the lowest was on November 1, 2022, at Rp184 per share.

The mass layoff issue currently affecting GoTo is also occurring in several other global technology companies, including Meta, Twitter, and Microsoft.

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."

Related Data

Prevalence of Inadequate Food Consumption in Cilacap Decreased by 1.39% in the Last Year

4.82% of Situbondo Regency Residents Have Higher Education by End of 2024

99 Hotspots Detected in Indonesia in the Last 24 Hours (Saturday, December 6, 2025)

Average Length of Schooling in Bekasi City Reaches 12.11 Years in 2025

Central Kalimantan's Air Quality This Morning (Dec 6) Worst in Indonesia

Pangandaran Residents' Food Consumption Inadequacy Rate Decreased by 5.22% in 2024

Latest Data Stories

Population of Male Cattle Suitable for Slaughter, Period 2013-2024 Demographics 06/12/2025, 15:59 WIB

Average Per Capita Monthly Expenditure in South Papua 2024 Consumer Services & Health 06/12/2025, 15:51 WIB

Automotive, Motorcycle, and Repair Sector PDRB of ADHB 2013-2023 Technology & Telecommunications 06/12/2025, 15:20 WIB

Global Natural Gas Prices Rise to US$3.33/Mmbtu (Friday, May 23, 2025) Energy 06/12/2025, 15:16 WIB

US Soybeans Futures Contract Price (Two-Month) - US$1,060.25/Bushel (Friday, May 23, 2025) Economics & Macro 06/12/2025, 14:59 WIB

Bungo Regency Construction Cost Index, Jambi 2025 Property 06/12/2025, 14:57 WIB

Download

Source

GoTo Reportedly to Lay Off 1,000 Employees: What's the Stock Trend?

Tags

Related Data

Prevalence of Inadequate Food Consumption in Cilacap Decreased by 1.39% in the Last Year

4.82% of Situbondo Regency Residents Have Higher Education by End of 2024

99 Hotspots Detected in Indonesia in the Last 24 Hours (Saturday, December 6, 2025)

Average Length of Schooling in Bekasi City Reaches 12.11 Years in 2025

Central Kalimantan's Air Quality This Morning (Dec 6) Worst in Indonesia

Pangandaran Residents' Food Consumption Inadequacy Rate Decreased by 5.22% in 2024

Latest Data Stories

Popular Data

GoTo Reportedly to Lay Off 1,000 Employees: What's the Stock Trend?

Tags

Related Data

Prevalence of Inadequate Food Consumption in Cilacap Decreased by 1.39% in the Last Year

4.82% of Situbondo Regency Residents Have Higher Education by End of 2024

99 Hotspots Detected in Indonesia in the Last 24 Hours (Saturday, December 6, 2025)

Average Length of Schooling in Bekasi City Reaches 12.11 Years in 2025

Central Kalimantan's Air Quality This Morning (Dec 6) Worst in Indonesia

Pangandaran Residents' Food Consumption Inadequacy Rate Decreased by 5.22% in 2024

Latest Data Stories

Trending Topics

Popular Data