Insight

eFishery At Its End, Laying Off 98% of Employees

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Algo Research Team

Company | Feb 26, 2025 | Views: 327

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Key Summary:

  • eFishery has reportedly laid off 98% of employees
  • Those that remain are in operations, HR and finance
  • The founder has denied allegations

Indonesian aquaculture startup eFishery has reportedly laid off 98% of its workforce, reducing its staff from 1,500 employees. The layoffs come amid allegations of financial fraud in the company’s financial reports.


Who was affected? According to Bloomberg Technoz, only a small number of employees remain, primarily in downstream operations, human resources (HR), and finance.

How was our research?

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