This firm cut costs by 15% - without any layoffs

More: Salesforce unveils a new AI model. [Read from your browser]( Daily Newsletter --------------------------------------------------------------- Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. --------------------------------------------------------------- Hello {NAME} I’m definitely feeling the pinch from all the crazy stuff that’s going on with inflation and other rising costs right now. At many coffee shops and hawker centers I’ve gone to, stalls have raised their prices by anywhere from S$0.20 (US$0.15) to S$0.50 (US$0.37) per dish. For reference, most dishes cost around S$4 (US$2.95) each on average. Many times, it’s not even the stall owners’ faults. The cost of ingredients has gone up, along with [ridiculous spikes]( on rentals by some landlords. That said, food is one of the most in-your-face things when it comes to price increases. And when that happens, the pinch starts to really hurt. So goodbye Grab rides, food deliveries, and other non-critical expenses - it’s time to hunker down and reduce my spending. Likewise, many firms are looking to cut costs as much as they can. That said, while some companies are resorting to mass layoffs, others are looking to avoid pressing that button. GajiGesa, an Indonesian earned-wage access startup, appears to have found just the right balance. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Here’s how GajiGesa reduced costs by 15%]( In the first edition of the Cost Control series, GajiGesa’s Vidit Agarwal shares tips that helped bring down the firm’s costs. --------------------------------------------------------------- TRENDING NEWS [SG outsourcing firm TDCX sees steady revenue growth in Q4]( The company remains optimistic about potential growth opportunities in markets such as India, South Korea, and Turkey. [GoTo affirms compliance despite low repayment ratio for GoPayLater]( OJK, Indonesia’s financial services authority, is reportedly monitoring 25 fintech lending platforms with a default level above 5%. [Shopee surprises with first-ever quarterly profit]( For Q4 2022, Shopee hit profitability while cost of goods sold decreased by 23.8% to US$229.6 million. [Salesforce makes $250m commitment to AI]( Einstein GPT can auto-generate content for marketing, sales, service, commerce, and IT interactions. [Sea Group’s financial health in 8 charts]( Here are 8 charts that snapshot how Sea Group, the company behind Garena and Shopee, is faring. [Crypto lender Babel Finance to undergo restructuring]( The Hong Kong- and Singapore-based company is looking to introduce “Babel Recovery Coins” as part of its efforts to repay creditors ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Tech in Asia’s Product Development Conference 2023]( from May 16 to May 17 Tech in Asia’s Product Development Conference is back! This year’s edition, which will be held in person in Jakarta, will feature over 20 industry leaders, experts, and innovators sharing the latest trends and strategies that can accelerate product development growth. [Register now]( and you can get 50% off. This early bird promo is available for a limited time only, though, so don’t miss out! ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Fullstack Developer]( at SIGMATECH Cengkareng, Indonesia - [Jr. Hub Manager]( at GoWork Jakarta, Indonesia - [Software Engineer (Backend - Node js)]( at Zero One Group Jakarta, Indonesia - [Business Development Executive]( at Female Daily Network Jakarta, Indonesia - [Partnership Program Section Head]( at Bina Nusantara Group Malang, Indonesia - [E-commerce Specialist Mizora]( at MIZORA JEWELRY Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Too many emails? Switch to a different frequency or get new content through our [preference center]( or [unsubscribe](. You can also break our hearts and remove yourself from all Tech in Asia emails over [here](  ---------------------------------------------------------------  Copyright © 2023 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894