Southeast Asian used-car online marketplace, Carsome Group, is undergoing significant job cuts across the region, particularly impacting Indonesia and Thailand. With a workforce of about 4,000 employees, the move is part of the company’s strategy to streamline operations and achieve profitability ahead of a potential public listing.
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Carsome layoffs
This marks the second significant round of layoffs in over a year, reflecting the company’s commitment to cost reduction. Established in 2015, Carsome aims to position itself for profitability by 2024. The job cuts align with its efforts to optimize operations and enhance financial performance in the competitive used-car market.
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Cover Photo: One2car
