Edutech Startup Zenius Lays Off More Than 200 Employees

Edutech startup Zenius has reportedly laid off more than 200 employees. The termination of employment (PHK) was confirmed by the company through its official statement to the Liputan6.com team, Tuesday (24/5/2022).

“We are currently experiencing the worst macroeconomic conditions in recent decades,” Zenius wrote in a statement.

It is stated that companies must adapt to dynamic macroeconomic conditions that affect the industry. Because of this, Zenius has decided that it is necessary to consolidate and synergize business processes to ensure sustainability.

One of the implications of this strategy is the changing roles in several business functions along with the efficiency and optimization of business processes being carried out.

“After going through a comprehensive evaluation and review, the company announced that more than 200 of its employees had to leave Zenius,” said a spokesperson.

The company said that 200 Zenuis employees who were laid off would still receive severance pay in accordance with the prevailing laws and regulations in Indonesia.

Zenius further stated that he understands that this is a difficult time for affected employees, so the company will continue their health insurance benefits until 30 September 2022, including for their family members.

“To help them get new opportunities, Zenius will also help them by sharing their personal data with other companies or educational institutions with their consent.”

The company also suggested the content creation team to apply for a Tentor position at the Primagama branch. “During the transition process, the company is committed to ensuring that all rights and support needed by affected employees are properly met,” concluded the edutech startup.

Reasons for Zenius to Lay Off More than 200 Employees

Edutech startup Zenius has been in the spotlight after reportedly laying off more than 200 employees. The news regarding the termination of employment (PHK) has been confirmed by Zenius, through his official statement, on Tuesday (24/5/2022).

What is the reason for this termination? Zenius said that his party was facing the worst economic conditions. “Currently we are experiencing the worst macroeconomic conditions in recent decades,” Zenius wrote in a statement, quoted Wednesday (25/5/2022).

It is stated that companies must adapt to dynamic macroeconomic conditions that affect the industry. Therefore, Zenius has decided that it is necessary to consolidate and synergize business processes to ensure sustainability.

“After going through a comprehensive evaluation and review, the company announced that more than 200 of its employees had to leave Zenius,” said Zenius.

Employees Affected by Layoffs Will Still Receive Severance Pay

Zenius said that 200 Zenuis employees who were laid off would still receive severance pay in accordance with the laws and regulations in force in Indonesia.

The educational platform continued, they understand that this is a difficult time for the affected employees, so the company will continue their health insurance benefits until September 30, 2022, including for their family members.

“To help them get new opportunities, Zenius will also help them by sharing their personal data with other companies or educational institutions with their consent,” he said.

The company stated that it will continue the health insurance benefits of the laid-off employees, until September 30, 2022, including for their family members.

“In addition, Zenius has also extended health counseling services with our third-party consultants until September 30, 2022,” said the company, which was founded in 2004. In addition, Zenius also claims that it will help these employees get new opportunities.

“Zenius will also assist them by sharing their personal data with other companies or educational institutions with their consent,” the company said.

On the other hand, Zenius recently announced that it has received funding from MDI Ventures, a venture capital firm that is part of Telkom Indonesia. However, the value in this funding round was not disclosed.