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Why Asian e-commerce giant GoTo is cutting costs despite top-line growth

For GoTo, the company formed in May 2021 by a merger between Tokopedia and Gojek, 2022 is shaping up to be the year that it has made serious strides toward profitability. But like other Asian companies whose e-commerce business had been partying on rapid top-line growth, particularly in a time when people weren’t going out, its improvement in bottom line metrics is increasingly being driven by cost-cutting. Mass layoffs lead the cost-cutting effort The company’s third-quarter results was a g
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