FinanceID

Ajaib Layoffs

November 2022

Ajaib announced a layoff affecting 67 employees (8% of its workforce) in November 2022. The company operates in the Finance sector.

People Affected

Percentage

Announced Date

Nov 28, 2022

About

Ajaib, a prominent Indonesian online stock trading platform, conducted a round of layoffs in early 2023, affecting approximately 10% of its workforce. The company, which operates in the competitive fintech industry, cited a strategic restructuring to enhance operational efficiency and navigate global economic uncertainties as the primary reasons for the workforce reduction. This move reflects broader trends in the tech and startup sectors, where companies are adjusting their growth strategies in response to shifting market conditions.