Bukalapak, one of Indonesia’s five unicorns, has laid off its employees, detikINET has learned.
The e-commerce platform that was founded by Achmad Zaky, Fajrin Rasyid, and Nugroho Heruchayono also reportedly has closed its offices in cities such as Surabaya and Medan.
A source revealed that the layoff is a move to restructure its company’s multiple divisions. It was further reported that there will be a meeting to announce the decision officially to all affected employees.
It is not clear how many employees had been laid off.
The news comes after Bukalapak’s recent moves of foraying into digital insurance by partnering with Axinan last month, and the launch of BukaGlobal in Singapore back in May 2019, which is its first international arm.
In March 2019, Bukalapak also partnered up with three local peer-to-peer (P2P) lending services; Amartha, Modalku, and PohonDana, to launch ModalMitra, aimed at kiosk owners to have better access to credits.
Bukalapak was first introduced in 2010 to facilitate online selling and buying of different goods all under one platform.
Backers of Bukalapak include Ant Financial, Mirae Asset-Naver Asia Growth Fund, GIC and Emtek Group, all have contributed to its funding rounds.
Bukalapak was the fourth startup that becomes a unicorn in Indonesia.
Image Credit: Bukalapak