Xendit Slashes 5% of Staff Amid Global Uncertainty

Summary

The payment gateway fintech company Xendit cuts employees in Indonesia and the Philippines. Chief Operating Officer (COO) Tessa Wijaya said the layoff program covers five percent of employees in the two countries. "This is based on a progressive business strategy looking at the situation ahead and has gone through comprehensive considerations," he said.

According to Tessa, employees affected by layoffs will receive proper compensation, and the process is carried out in accordance with the laws and regulations. Xendit also provides additional benefits such as extending health insurance, psychological assistance and curating a list of ex-employees to help them find work faster. "We appreciate all their efforts in making Xendit what it's today," he said. Tessa claims this layoff has no impact on Xendit's business continuity.

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