Search Result for 'layoff'

If you’ve faced redundancy in the last few years, you’re far from alone. The COVID-19 pandemic was a period of intense job instability for many of the world’s workers; at home in ...

A company-wide meeting last Friday informed roughly 150 workers of the layoffs

…Elon Musk may have originally desired an even more dramatic workforce reduction of 20%, potentially reflecting a strategic shift towards automation

After a shocking number of job cuts in 2023, the worst year the tech industry has ever seen, the massive wave of layoffs continues this year. Although the tech giants have weathered ...

The affected employees will be notified soon and will undergo a consultation process where applicable

After doubling its workforce to 450 between 2021 and 2022, Chipper Cash's growth has faced headwinds due to rising interest rates, the urgency to conserve costs, and competition from other fintech players

Following the scheduled suspension of its offline payments platform, KippaPay, Nigerian fintech firm Kippa has stated that it will let go of an unspecified number of its employees as of this December. ...

Kenyan B2B Agritech logistics startup, Twiga Food, has announced a fresh round of employee layoffs. The announcement comes nine months after the Agritech logistic platform laid off 211 trade development representatives. The ...

The global technology ecosystem was the talk of the world economy up until 2022. The sector thrived, and tech companies reached record-high valuations, while other industries contracted or experienced a recession. The ...

Mara and Chipper Cash, have recently faced tumultuous times marked by multiple rounds of layoffs. For ChipperCash, it was the company’s third round of layoffs in less than a year. This time ...

By refocusing on the metaverse, the company aims to position itself as a leader in this emerging field, driving innovation and creating new revenue streams

The goal for the continued layoffs is part of Zuckerberg’s plans to ensure a “year of efficiency” in 2023

The rise in layoffs in 2023 is a troubling trend

The tech giant says it expects to announce restructurings and layoffs in its tech groups in late April, and then the business groups in late May

...Due to requirement for increased profitability