Indonesian fintech Flip reportedly cuts up to 80 jobs in restructuring. The company has not confirmed the figures but says the changes follow a review of priorities and aim to sharpen its focus. Get the hottest Fintech Indonesia News once a month in your Inbox Indonesian fintech Flip has cut around 70 to 80 jobs in its latest restructuring, DealStreetAsia reported. The Flip layoffs affected about 15% of its staff, who numbered roughly 500 before the changes. According to sources, the cuts were spread across several teams, including operations. Flip has not said how many employees were affected, and it has not named the teams involved. In a statement, the company said the changes would give the business a clearer focus. The move would also make its operations more efficient, it added. Flip said the decision came after it reviewed its priorities. It plans to put more weight on the services that add the most to its business. At the same time, it will keep working to make its services better, safer and more reliable for users and partners. Flip said it is aware of how the decision affects the staff who are leaving. Those affected will receive what is due to them under current rules, it added. Founded in 2015, the company started with transfers between banks. Its range later grew to cover money transfers abroad, bill payments, e-wallet top-ups and payment tools for businesses. Featured image: Edited by Fintech News Indonesia, based on image by pe_jo via Magnific.

Indonesia's Flip cuts nearly 15% staff in latest restructuring. Reported by DealStreetAsia Key takeaways. * - Indonesian fintech Flip has laid off roughly 70-80 employees, equal to nearly 15% of its staff, in its latest restructuring, according to DealStreetAsia. * - The cuts are described as the company's latest restructuring round; the primary source does not detail the specific functions or divisions affected. * - The primary source available for this story is a registration-gated page, so the reported figures rest on a single publisher summary and headline. Summary. Indonesian fintech firm Flip has cut nearly 15% of its workforce in its latest restructuring, according to DealStreetAsia. The publisher's summary states the company laid off around 70-80 employees. The available coverage does not specify which business units, functions, or geographies were affected, nor does it outline the company's financial position or strategic rationale behind the reduction. Readers seeking detail on the restructuring's scope, timing relative to prior rounds, or any leadership changes should consult the full DealStreetAsia report. The article's text beyond the headline and publisher summary was largely unavailable due to a registration prompt, so this summary is limited to the core workforce figures reported. Go deeper than the headline. Research every firm in this story, track the ones that matter and get the daily briefing - free for 7 days. Sources. AlphaMaven summarised this story from the reporting below. Each link opens the original article.