Some major investors were trying for an exit

Software Engineer

I used to work at Gojek (GTF arm) but resigned and joined elsewhere. Just wondering what is happening with the GOTO stocks? It is staying at 50 IDR for several weeks. I'm really worried because I e...

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I used to work at Gojek (GTF arm) but resigned and joined elsewhere. Just wondering what is happening with the GOTO stocks? It is staying at 50 IDR for several weeks. I'm really worried because I exercised my grant when I left and assumed it would do better in future. Can anyone help an Ex-employee with insights on the stocks please? Should I sell or is it worth waiting?

Also, what happened to Gojek Libkedin page? It disappeared. 

Note: I left the Gojek channel on grapevine after leaving the company. Please share some insights on the stocks. Thanks.

Question to GoTo (Gojek) employees

Analyst

Question to GoTo (Gojek) employees- Grapevine

Welcome to Software Engineers's Private Community

Left Gojek around 6 months ago. I was hoping that there will be some positive price movement given a lot of folks were literally saying "wait for the end of year, when we become profitable". 

I have been tracking the price passively but seems like its only going downhill. My ESOP value is another related sob story. 

It seems like there is a much longer wait. How is the mood at the org? Is there a silver lining?

Is Gojek stock ever going to revive?

The stock is, I understand right now at the lowest possible point without being delisted and it doesn’t look like it will go up any time soon. What’s the sentiment/morale like internally? There was rumoured to be a share buy back at some point. Is that happening?

People at Gojek India, what’s going on?

Product Designer

Almost one year later of, Gojek CO-CEO Kevin steped down from his role, today GoTo CEO Andre also stepped down from his position.

Now, one of the the primary investor is taking his role of GOTO CEO. Investor being CEO is worrisome 😞 

And this is just 2-3 days after Pune office shutdown and 3rd round of layoff.

Things going terrible at Gojek/GoTo

https://www.linkedin.com/in/patrick-walujo-94a2701 
  
 So a multi billion dollar company with 1000s of employees will now be run by a PE guy who hasn’t built a company on his own? What could go wrong…

Corporate Strategist

Product Manager

Received at least 10+ emails of people exiting today. Most senior managers or leadership positions. 
Attrition is almost all time high. I got to know atleast 5 more are yet to quit. Something cooking?

Silent quitting at gojek

DevOps Engineer

Welcome to Personal Finance's Private Community

Was analysing my trades over the last 3 years to understand my best and worst trades ever, then coupled that with my "Trade Diary" to see what were the difference of thoughts between both trades. 

I was levered heavily on these F&O trades by holding a margin position. Made ~73k that day with a Capital at Risk/Trade under 25k at all times.

I have since left F&O, I have found better use of my time elsewhere and taxation on F&O income is not worth it anymore to me. 

What about you all? Any trades/lessons to share for all of us?

What are your best lessons from the stock market?

I’ve heard some worrying rumours from Indo-based folks about possibility of layoffs in upcoming weeks/months. Does anybody know what’s going to happen or have an inside scoop?

Does anyone know what is happening at Gojek?

Expected layoffs 
May last week - low probability 
July first week - high probability 
 
Who's hiring? Could someone refer to their companies?

Layoffs at Gojek

So much mess is going on in gojek, a lot of higher management is forced to left company.

Seems like Andre is forced to left by investors.

And now Shareholder is becoming the CEO, 
Official old statements by newly made CEO "Financials is not a exciting market for earnings"

Usually when investors takeover they just care about profits and earnings (ways to exploit to earn maximum).

Seems like future of GoTo is in clouds.

Expecting a lot of restructuring, layoffs after patrick takeover.

Gojek - Investor is the new CEO.

Heard they have mandated 5 days WFO and one of the investor has become CEO. Would there be another round of layoffs?

What's going on at gojek?

Chinese companies / apps have not been allowed to operate in India, now with TikTok buying 75% in Tokopedia (not 75% of gojek), what do you think will be fate on Tokopedia's India offices?
Would Tiktok keep Tokopedia's India office keep it untouched
Or
Expand Tokopedia's India office and get some of atiktok work also her
Or
Over medium term close India office as Indian government doesn't likes Chinese apps / companies.

TikTok buys 75% stake in Tokopedia

Today, all of a sudden, some folks got emails that they have been laid off. There is an uncertainty around the transparency of layoffs now. It was communicated org wide last March and November when then last 2 layoffs were conducted. This time, no-one seems to know how many people got impacted and who got impacted.

Some people at head/lead/senior positions have started voluntary leaving as well. Not sure if they are being asked to leave or if they are leaving themselves.

Hard to see these things happening in a company with an amazing work culture. :/

3rd round of layoffs at Gojek/GoTo

Work culture amazing ho ya tatti…. Jab waqt bura ho, lay-off sabka aata hai…. Kat ta sabka hai….

Heard from multiple people that with Patrick taking the position of CEO that there are rumors circulating about an upcoming reorg and cost-cutting measures, with a strong emphasis on achieving positive EBIDTA to satisfy investorss. Some redundant products within the GOTO is likely to be merged and some team shuffling to happen.
It is uncertain how much of this information is accurate, and I can't imagine an impact this would have.
Silent layoffs, numerous senior leaders leaving and many actively interviewing is just unsettling.
Ideally, I would prefer to focus on my work and end the day peacefully, avoiding the stress of layoffs and excessive supervision. I hope that tomorrow's townhall meeting will not be awkward or gloomy.

Rumors of reorg at gojek

Confirmed from credible source. Gojek Pune office is going to be shutdown in May or June. 

All people from Pune office will be layoff and no other option will be provided. 

So all Pune people , start looking out soon.

Gojek Pune Office Shutdown

I am expecting an offer from GoTo for a senior data science role. How good is the culture and whether they provide mobility to SG ? Safe to join GoTo given they had layoffs recently?  Thanks

Question to GoTo (Gojek) employees

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