Indonesian startup Sirclo cuts workforce to trim costs

Sirclo joins a wave of tech companies in trimming staff in South-East Asia. Sea Ltd has cut about 10% of its workforce, while Indonesia’s GoTo Group is reducing about 12% of its staff.

JAKARTA: Sirclo, an Indonesian startup that helps retailers sell online, slashed 8% of its workforce as it braces for challenging economic conditions.

The Internet firm will make “significant changes, especially in terms of business focus, to ensure the company’s sustainability,” chief executive officer Brian Marshal said on the startup’s blog on Tuesday.