Gojek becomes one of the first Southeast Asian startups to effectively announce management pay cuts as the car-hailing industry grapples with a deepening crisis. Hundreds of thousands of Gojek’s drivers and merchants have seen a drop in income after the pandemic spread across the Indonesian archipelago of 270 million, prompting authorities to impose partial lockdowns including in the capital of Jakarta.
SINGAPORE (Mar 25): Gojek’s co-chief executive officers and senior managers have pledged to funnel 25% of their salaries over the next 12 months into a fund designed to support its drivers, merchants and partners during the coronavirus pandemic.
The Indonesian ride-hailing and food delivery giant will also redirect the budget it’s set aside for annual employee salary increases to the fund. That pool of money, combined with donations from top executives, amounts to roughly US$6 million ($8.7 million), a company spokesman said. The company didn’t specify how that money will be used.
