JAKARTA – PT Bukalapak.com Tbk (BUKA) is set to terminate a number of employees following its business shift to focus exclusively on virtual product services. On the other hand, the stock price of this issuer still shows growth, although it has not moved significantly in afternoon trading on Monday (13/1).

In a public disclosure on Monday (13/1), Cut Fika Lutfi, Corporate Secretary of BUKA, stated that the cessation of physical product services will impact several employees across the business ecosystem.

"In its implementation, the company will ensure the fulfillment of all rights and compensation for the affected employees in accordance with applicable laws and regulations," she said.

On the other hand, BUKA emphasized that the company would strengthen its position in the digital ecosystem and provide the best services to users with a focus on virtual product services.

The business transformation steps taken by BUKA's management are seen as part of a long-term, relevant, and competitive strategy that will add value to the company’s stakeholders.

Despite the company's plan to lay off employees, BUKA's stock performance still shows an increase. At the start of the morning session, the stock price opened at IDR 114, fluctuating upwards to IDR 115 by 2.00 PM WIB. (LK/ZH)