Waresix, a prominent logistics firm based in Indonesia, has undergone layoffs within its data and engineering team, according to sources familiar with the situation. The company disclosed these layoffs during a town hall meeting held on February 16, a fact that was corroborated by an email sent to employees subsequent to the meeting. In the email, Waresix explained that it is restructuring the product and engineering department, a decision that was made after thorough deliberation. The company reassured affected employees that their rights and benefits would be fully respected and honored.
This restructuring within Waresix’s data and engineering team underscores the company’s commitment to optimizing its organizational structure and aligning its workforce with evolving business priorities. While layoffs can be challenging for employees, Waresix’s emphasis on respecting their rights and benefits reflects a commitment to fairness and transparency throughout the process.
As Waresix continues to navigate the dynamic logistics landscape in Indonesia, streamlining its product and engineering department may enable the company to enhance operational efficiency and drive innovation in its logistics solutions. By making strategic adjustments to its workforce, Waresix aims to position itself for sustained growth and competitiveness in the market.
The exact number of employees affected by the layoffs has not been confirmed. Tech in Asia reached out to Waresix for comment, but the company has not responded. Despite the lack of confirmation on the exact scale of the layoffs, Waresix’s proactive approach to restructuring reflects its dedication to maintaining agility and resilience in response to industry challenges. This commitment to adaptability positions Waresix well for navigating the dynamic logistics landscape in Indonesia and pursuing long-term success in the market.
Founded in 2017 by Andree Susanto and Edwin Wibowo, Waresix has established itself as a prominent player in the logistics industry. The company offers a wide range of services, including trucking, warehousing, multimodal transport, and vendor management, catering to the diverse needs of its clients. In 2020, Waresix bolstered its operations in the first-mile segment through the strategic acquisition of Trukita, a fellow logistics startup. This acquisition further expanded Waresix’s capabilities and strengthened its position in the market, enabling the company to provide more comprehensive solutions to its customers across Indonesia.
Waresix has attracted significant investment, totaling over US$154 million according to data from Tech in Asia. Notable investors in Waresix include Temasek Holdings, East Ventures, MDI Ventures, and Emtek Group. This substantial funding underscores investor confidence in Waresix’s business model and its potential for growth and expansion within the logistics sector.