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Startups

Coronavirus drives Indonesia's Traveloka to lay off staff

One in 10 employees affected at travel startup after surge in refund requests

An employee of travel startup Traveloka works at the company's headquarters in Jakarta.   © Reuters

JAKARTA -- Travel booking service Traveloka, one of Indonesia's most valuable startups, has been forced to lay off a significant portion of its staff, as the coronavirus outbreak saps demand for travel, two sources familiar with the matter told the Nikkei Asian Review.

The cuts, which affected around 100 people or 10% of the startup's employees, happened last week, according to a source, who said some of those who remain are being paid half their regular salary.

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