Search Results for: layoffs
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News
Are tech layoffs warranted?
The recent tech layoffs have taken the world by a surprise. Over 150,000 employees have been terminated from their jobs…
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News
2022 Layoffs: Cisco sends home 4,100 employees
Networking giant Cisco is the latest firm to implement mass layoffs. Earlier this week, the company announced that it will…
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News
Nigerian fintech Chipper Cash is the latest company to conduct massive layoffs
Nigerian cross-border payments startup Chipper Cash has laid off nearly 13% of its workforce, reports indicate. Many employees from various…
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Startups
Why Now Is a Good Time to Invest in Venture Capital in Africa
The African venture capital ecosystem has encountered significant headwinds in recent times. According to research firm Africa: The Big Deal,…
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News
Will Tech VC Funding in Africa Rebound on Interest Rate Cuts?
VC firms and startups can look to imminent interest rate cuts to revive dealmaking but cuts alone may not bring…
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News
Ololade Odunsi: Global tech job cuts – What African techies can do to thrive
After years of growth, the global technology sector entered a downturn in the second half of 2022, thanks to a…
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News
Copia confirms it’s laying off 350 employees
Kenyan Last-mile delivery and eCommerce platform Copia has confirmed that it’s indeed laying off 25% (around 350 members) of the…
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BUSINESS
Vice Media Files for Bankruptcy After 29 Years
After 29 years, VICE Media LLC, a trendsetting media company, has filed for Chapter 11 bankruptcy, a process that is…
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News
Twitter fires Revue founder two months after shutting down the newsletter platform
Revue founder Martijn de Kuijper is among the about 200 employees laid off by Twitter over the weekend. Martijn took…
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News
Chipper Cash reportedly lays off more than 100 employees
After laying off 13% of its workforce in December last year, cross-border payments startup Chipper Cash is reportedly sending more…
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News
Google to lay off 12,000 employees, CEO Sundar Pichai announces
Google has announced it will lay off 12,000 employees from its workforce. In a message sent by CEO Sundar Pichai…
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News
Microsoft to lay off 10,000 employees in cost-cutting measures
Layoffs in the tech sector have spread across small, medium and large enterprises and the trend continues in 2023. Microsoft…
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News
Vodafone announces plans to lay off hundreds of employees
European telecommunications giant Vodafone is reportedly considering laying off hundreds of employees as the industry struggles to cope with tough…
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News
Leading Nigerian crypto platforms are on downsizing spree as markets plunge
The crypto market has been hard hit by an unprecedented fall in prices. The collapse of FTX, seen as one…
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News
Twitter has fired its employees in Africa with no severance pay
Twitter Africa: Since Twitter’s takeover by billionaire investor Elon Musk, the most consistent news we’ve heard is quirky lays offs,…
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News
African startups raised $5 billion last year, just a tip of the global average
Across the African continent, 2021 was a good year for startups as funding hit a record high at about $5…
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News
Twitter has laid off 30% of its talent acquisition team
Twitter has hit the headlines, particularly over the now contested acquisition by billionaire investor Elon Musk. The deal has supposedly…
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News
Netflix lays off another 300 employees
Netflix is effecting another round of layoffs, several weeks after firing 150 employees, citing continued loss of revenue. The streaming…
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News
Swvl to lay off a third of its workforce
Swvl, the mass transit and shared mobility provider is cutting off its workforce by a third. According to Chief Financial Officer…
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News
Netflix to lay off over 100 employees as subscriptions fall
We recently reported on the falling numbers of Netflix subscribers. It’s now emerging that the streaming company is laying off…
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BUSINESS
AAR Insurance Goes Digital with New Mobile App
AAR Insurance Kenya has launched a new mobile app available on Google Play Store and the App Store. The new…
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News
Adrian Kenya launches webinar series engaging business leaders on the Fourth Industrial Revolution
Kenyan Technology and EPC solutions and service provider Adrian Kenya yesterday launched a webinar series aimed at exploring current technology trends…
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News
After going fully remote, Andela is now accepting engineer applications from across Africa
After announcing that it is going fully remote, Andela, the startup that helps tech companies build remote engineering says it…
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News
Microsoft Lays Off Dozens of Journalists Replacing Them With Robots
Microsoft is laying off dozens of journalists and editors working on its Microsoft News website, MSN.com and the front page…
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News
Andela lays off 135 staff across five markets
Andela, the Africa-focused software developer training and outsourcing company has laid off 135 staff across five markets. According to reports,…
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News
Huawei Might Lose $30 Billion in Revenue due to the US ban
Since the Washington trade ban on the Chinese tech giant Huawei, there hasn’t been a word that quantifies the extent…
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