Xendit Layoffs
October 2022
Xendit announced a layoff affecting 0 employees (5% of its workforce) in October 2022. The company operates in the Finance sector.
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5%
Oct 4, 2022
About
Xendit, an Indonesian fintech company, has laid off approximately 5% of its workforce, affecting around 100 employees. The decision, announced in early 2023, was attributed to a strategic restructuring aimed at improving operational efficiency and extending the company's financial runway amidst a challenging global economic climate. As a Southeast Asian digital payments and financial infrastructure provider, Xendit stated the move was necessary to better align its resources with long-term growth objectives, despite having previously raised significant funding.
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