Due to the challenging financial climate and changing consumer behaviour, Indonesian edtech firm Zenius is firing staff members for the second time this year. Almost all divisions will be impacted by the change.
To assure sustainability and long-term growth, Zenius says the company is realigning and reprioritizing.
How many employees were affected by this round of layoffs was not made clear by Zenius. 200 people, or 20% of the 900+ staff at the time, were affected by the company’s prior layoff in May.
The firm will put more emphasis on its hybrid learning experience through its new Primagama network, an offline tutoring service it bought in Indonesia in February, according to the statement from Zenius CEO Rohan Monga.
“With this realignment, we will be reducing expenses in some areas,” Monga continues. Additionally, he explains how the Covid-19 epidemic has caused “shifting requirements” among clients.
Those impacted will be qualified for severance benefits in accordance with Indonesian rules and regulations. Up to September 30, the corporation claimed, they will also receive wellness counselling services and health insurance benefits.
By sharing their profile with other businesses or educational institutions with the affected employees’ permission, the corporation will also assist the workers in finding new positions.
The workers of Indonesian businesses Pahamify, Lummo, LinkAja, TaniHub, and SiCepat have all just been laid off, making this the most recent in a run of layoffs.
So far, Zenius has raised $40 million in reported investment over four stages. The business concluded its most recent investment, which was led by MDI Ventures, in March.
