Toa Payo: PonteSud – News Desk
Regional tech news publication Tech in Asia (TIA) is winding down its Indonesia product, it announced on July 1. The closure of TIA Indonesia’s local language publication will be effective on July 15, as TIA streamlines its operations.
One of its founders, Mr Willis Wee, stressed that TIA is not pulling out of Indonesia, adding: “We are still fully committed to covering and supporting Indonesia’s vibrant tech ecosystem, and we’ll maintain our operations and team members in Indonesia to support this, including hosting our annual events.”
The main change is discontinuing the Indonesian-language publication. Mr Wee said that the publication will be sharpening its focus on TIA International.
“After careful consideration, we saw that some of our initiatives either don’t align with these more focused strategic goals or haven’t gotten the traction we hoped for,” he said in a letter to readers published on the website.
Mr Wee added that the current economic climate has also added more pressure. “While we’ve made changes and tried new ideas where possible, our current cost structure isn’t sustainable. These tough but necessary decisions are meant to give Tech in Asia a stronger path forward,” he said.
In total, after including the streamlining of other teams, 18 % of TIA’s team will be affected. They will be given severance packages that meet local requirements, and support will be offered to help them in this transition, including allowing them to keep their laptops, TIA said.
The move is aimed at sharpening focus on regionalisation and ensuring the sustainability of the business in a challenging media and economic environment.
This restructuring reflects a prudent business decision to ensure Tech in Asia remains focused, agile and aligned with growth areas. Tech in Asia remains an important asset in our portfolio.
All TIA Indonesian subscribers will automatically be transferred to a TIA International premium subscription, and will gain full access to all international English-language content.
These subscribers will continue to pay their current Indonesian subscription price, and the preferential rate will apply for as long as their subscriptions remain active, said TIA. There is no action needed as their access will be upgraded automatically.
