More Small Businesses to Reduce Staff in 2024

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Adi Ahdiat 19/11/2024 13:05 WIB

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According to a survey by Mandiri Institute, 16% of small businesses in Indonesia reduced their workforce in 2024. This proportion is approximately double that of 2022 and 2023.

Proportion of Indonesian Small Businesses Experiencing Employee Reductions (2022-2024)

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Proportion of Indonesian Small Businesses Experiencing Employee Reductions (2022-2024)

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An increasing number of small businesses in Indonesia are reducing their workforce this year.

This is recorded in the *Mandiri Business Survey 2024* report released by the Mandiri Institute.

According to the report, of the 523 small businesses surveyed, 16% experienced a reduction in their workforce in 2024 compared to last year.

This proportion has increased approximately twofold compared to 2022 and 2023, when only 7-8% of respondents experienced a decrease in their workforce.

"Small businesses reducing their workforce have increased, particularly those related to culinary, fashion, and accommodation," stated the Mandiri Institute team in their report.

In 2024, the largest decrease in the number of employees was observed in the small agricultural/livestock/fisheries business group, with a proportion of 23%.

"The agricultural sector is the sector that has reduced its workforce the most," said the Mandiri Institute team.

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."