Gabriel Budi Sutrisno · · 1 min readIndonesia-based Waresix cuts data, engineering staff
Photo credit: Waresix
Waresix has laid off employees from its data and engineering team, people with direct knowledge of the matter told Tech in Asia.
The Indonesia-based logistics firm announced the layoffs during a town hall held on February 16, according to one of the sources. This was corroborated by an email sent to staff after the meeting, in which Waresix said it is “streamlining the product and engineering department.”
“The leadership made this tough decision with careful consideration and caution,” the email reads. The company added that it will fully honor the rights and benefits of those affected.
The exact number of retrenched staff is unconfirmed. Tech in Asia sought comment from Waresix, but the company has not replied.
Founded in 2017 by Andree Susanto and Edwin Wibowo, the company offers end-to-end logistics services including trucking, warehousing, multimodal transport, and vendor management.
In 2020, Waresix boosted its first-mile operations by acquiring Trukita, another logistics startup.
Tech in Asia data shows that Waresix has raised over US$154 million in total to date from investors like Temasek Holdings, East Ventures, MDI Ventures, and Emtek Group.
See also: Visual: Emtek’s rise as a major player in Indonesian tech
Editing by Miguel Cordon and Eileen C. Ang
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