PT GoTo Gojek Tokopedia Tbk (GOTO) has finally provided official clarification regarding the rumors of mass layoffs hitting its business unit, Tokopedia. Circulating rumors suggest that as many as 90 percent of Tokopedia's employees are affected by this efficiency policy, following the transfer of majority ownership of the company to TikTok.
GoTo Director, Simon Tak Leung Ho, stated that his party fully respects all operational decisions made by Tokopedia's management. As a minority shareholder with a 24.99 percent stake, GoTo positions itself as a party that does not intervene in the organizational adjustment steps currently being carried out.
Furthermore, GoTo emphasized that the wave of layoffs is projected not to have a significant financial impact on the company. According to Simon, the impact of this policy on the net profit or loss accounts of associated entities and joint ventures tends to be limited. Tokopedia also provided a similar confirmation that the restructuring would not materially disrupt the stability of e-commerce service fees or their financial performance.
The layoff issue surfaced to the public after being posted via the social media account @ecommurz, which claimed that ByteDance, as TikTok's parent company, would only retain about 10 percent of Tokopedia's total workforce by early July 2026. Responding to this, TikTok explained that this step is part of organizational alignment efforts in the research and development sector.
A TikTok spokesperson stated that the restructuring aims to foster more sustainable long-term growth for their business ecosystem, including supporting the creator community and businesses operating under the Tokopedia platform.
