JAKARTA: Homegrown aquaculture unicorn eFishery has laid off an undisclosed portion of its workforce and announced a shift in focus, a move analysts say is the result of a lack of domestic demand for fisheries products.
Nailul Huda, director for digital economy at the Centre of Economic and Law Studies told The Jakarta Post on Monday that the company might have found that the local market lacked sufficient appetite for its products. The firm was also facing tight funding.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
