Bloomberg:
Sources: Indonesia’s GoTo Group is planning to cut 1,000+ jobs, more than 10% of its workforce, and curb its costs — Indonesia’s largest internet company GoTo Group is planning to cut more than 1,000 jobs as it seeks to trim costs and shore up its finances, according to people familiar with the matter.
Manish Singh / TechCrunch:
Indonesia’s GoTo Group cuts 1,300 jobs, or ~12% of its workforce, to trim costs and improve finances — GoTo Group is cutting 1,300 jobs, or 12% of its workforce, it informed staff early Friday, as Indonesia’s largest internet company attempts to trim costs and improve finances.
Bloomberg:
Indonesia-based PT Global Digital Niaga, which owns e-commerce group Blibli, raised ~$509M in Jakarta’s second-largest IPO in 2022, after GoTo’s $1.1B April IPO — PT Global Digital Niaga, the owner of Indonesia’s e-commerce group Blibli, ended its first day of trade unchanged …
Reuters:
Sources: India’s government and central bank have asked Google to help curb illegal digital lending apps several times in recent months — Alphabet Inc’s (GOOGL.O) Google has been asked by the Indian government and the central bank to introduce more stringent checks to help curb the use …
Liza Lin / Wall Street Journal:
Sources: on Tuesday, China’s internet regulator told Tencent, ByteDance, and others to grow censorship teams, focus on protest content, and censor info on VPNs — Online regulators tell big tech companies to expand censorship of information on protests and take steps to curb the virtual private networks used to bypass online controls
Juro Osawa / The Information:
Sea Ltd., Southeast Asia’s largest internet firm by revenue and market value, has laid off 7,000+ employees, or ~10% of its staff, over the past six months — Sea Ltd., Southeast Asia’s largest internet company by revenue and market value, has laid off more than 7,000 employees …
Jennifer Pattison Tuohy / The Verge:
Hands-on with Matter devices at an official launch event; Matter has a long way to go before it delivers on a promise of an interoperable and simple smart home — At the official launch event for Matter this week, I saw a lot of exciting things: a Google Nest Hub controlling an Eve Energy smart plug …
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