Wave of Layoffs Storms Indonesian Firms amid Global Recession Risks

By Editorial Team 31/10/2022
PHK Pekerja
Summary

  • Global recession risk next year will impact the wave of layoffs that have begun to occur at this time.
  • As startup companies laid off their employees on the back of funding constraints, the waves spilled to labor-intensive sectors such as textiles and footwear.
  • Recession and mass layoff risks threaten the recovery of unemployment and poverty rates this year.

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