First Edition of the Tastemakers Wine Series Hosted by Vendease


According to reports, Chipper Cash has laid off 140 employees.

Chipper Cash, an African startup cross-border payments company, reportedly laid off 140 employees, or more than a third of its workforce.

Although 15% of those impacted are Nigerians, the layoffs affected workers from IT, engineering leadership, engineers, technical programme managers, and analysts.

This move follows a prior 13% personnel reduction in December 2022, when 50 employees from the Product, Marketing, and Compliance divisions were let go.

In addition, the company is said to have shut down its cryptocurrency business and sent all of its employees home. Almost half of all other departments’ workforce is alleged to have left.

However, the most dramatic cuts were made to the Engineering department, which sources suggest was particularly sloppy prior to this and was perhaps decreased for the appropriate reasons.


Related posts

US banks may meet with Nigerian startups - operators


Tech Expert Warns INEC About BVAS, IReV - NCS President


FCMB Recommends Nigerian Company for WEF Award


TECNO PHANTOM V Fold is a game changer.

Sign up for our Newsletter and
stay informed

Leave a Reply

Your email address will not be published. Required fields are marked *