Winter Starts to Bite Zenius Business
Edutech startup Zenius Education admitted to having laid off more than 200 employees as a response to the global economic recession. "To adapt to the dynamic macroeconomic conditions affecting the industry, we are consolidating and synergizing businesses to ensure sustainability," Zenius wrote in a statement received by Katadata.co.id on Tuesday. The startup also changed the roles of several business functions as part of the optimization and efficiency measures. "After going through a comprehensive evaluation and review, Zenius announced that more than 200 of its employees had to leave the company," Zenius added.
Employees who are dismissed will receive severance pay based on existing regulations in Indonesia. Zenius will also continue providing workers' health insurance benefits, including their family members, until September 30.