Tokopedia Downsizing Sparks Indonesian Government Concerns Over Mass Layoffs

Indonesian authorities have met with representatives of e-commerce platform Tokopedia and its majority owner TikTok, after news of downsizing at the local tech giant sparked fears of mass layoffs.

Rumors surfaced on social media in early July claiming that ByteDance Ltd., the Chinese owner of TikTok, was planning to lay off 90% of Tokopedia’s workforce following the launch of Tokopedia Lite, triggering a swift response from the Indonesian government, who summoned company representatives for questioning.