65 people, or around 8% of the workforce, were let go by the Indonesian logistics company Shipper due to “uncertainties in the macroeconomic scenario in the future year.”
According to the company, affected employees will be provided with a compensation package in line with local legislation, an extension of their health insurance, enrolment in an outplacement programme, and other assistance to help them find new employment.
Co-founder and chief executive of Shipper, Phil Opamuratawongse, stated in a statement that the “difficult choice” had to be taken following “a thorough examination of our business”.
Shipper, a multicourier shipping platform and dispersed storage and fulfillment network for online businesses was introduced in 2017.
In a series B fundraising round spearheaded by DST Global and Sequoia Capital India last year, it garnered US $63 million.