PT GoTo Gojek Tokopedia Tbk (GOTO) said the layoffs carried out by PT Tokopedia are not expected to have a material impact on its financial condition, operations, or revenue from e-commerce services provided to Tokopedia (06/07).

The company said it respects Tokopedia management’s decision regarding organizational adjustments.

In a response letter submitted to the Indonesia Stock Exchange (BEI) on July 3, 2026, GoTo stated that it respects all steps taken or planned by Tokopedia management related to the organizational adjustment plan.

“The company, as a shareholder holding a 24.99 percent stake in PT Tokopedia, respects every step taken or to be taken by PT Tokopedia’s management regarding the planned organizational adjustment,” GoTo wrote in the letter.

GoTo Respects Tokopedia’s Organizational Adjustment Decision

GoTo explained that its ownership in Tokopedia has decreased to 24.99 percent since January 2024. As a result, Tokopedia’s financial statements are no longer consolidated into GoTo’s financial reports.

The company currently records its investment in Tokopedia using the equity method in accordance with PSAK 228 concerning Investments in Associates and Joint Ventures.

Under this method, the impact on GoTo’s financial statements only comes from its share of Tokopedia’s net profit or loss as an associate company.

“However, in relation to the matters described above, particularly regarding the news about PT Tokopedia’s planned organizational adjustment, the company estimates that there will be no material impact on its share of PT Tokopedia’s net profit,” GoTo stated.

GoTo also said the Tokopedia layoffs would not affect its revenue from e-commerce services provided to the company.

From a non-financial perspective, GoTo assessed that the impact of the layoffs would not be significant.

GoTo said it does not have plans to take specific actions following Tokopedia’s organizational adjustment policy.

The company also stated that it does not plan to change its share ownership in Tokopedia in the near future.

TikTok Confirms Tokopedia Layoffs as Part of Restructuring Process

TikTok previously confirmed that it carried out layoffs among Tokopedia Indonesia employees as part of an organizational restructuring process.

The company, however, did not disclose the number of affected employees or the divisions impacted by the layoffs.

The confirmation followed information shared by Indonesian technology community platform Ecommurz, which stated that ByteDance, TikTok’s parent company, had reduced around 90 percent of Tokopedia employees.

“We are aligning our research and development organization in areas that can support sustainable long-term growth for our business, creator community, and sellers on our platform,” TikTok said in an official statement.

TikTok added that the decision to conduct layoffs was not an easy one. The company said it is currently focused on supporting affected employees during the transition process.

PHOTO: GOTO

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