{"id":1197953,"date":"2022-09-02T13:36:11","date_gmt":"2022-09-02T13:36:11","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/09\/02\/nigerian-digital-bank-kuda-lays-off-employees\/"},"modified":"2022-09-02T13:36:11","modified_gmt":"2022-09-02T13:36:11","slug":"nigerian-digital-bank-kuda-lays-off-employees","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/09\/02\/nigerian-digital-bank-kuda-lays-off-employees\/","title":{"rendered":"Nigerian Digital Bank, Kuda Lays Off Employees"},"content":{"rendered":"<p><\/p>\n<div>\n<figure id=\"attachment_850473\" aria-describedby=\"caption-attachment-850473\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-850473\" class=\"wp-caption-text\">Kuda<\/figcaption><\/figure>\n<p>Kuda, a Nigerian digital bank, has joined other African IT companies laying off staff.<\/p>\n<p>The layoff, which was initially made known by\u00a0TechCrunch, was reportedly confirmed by Kuda through email, which stated that it only let go roughly 23 employees, or less than 5% of its 450-person staff.<\/p>\n<p><strong>Also Read:\u00a0Buhari To Present 2023 Budget Bill In September<\/strong><\/p>\n<p>Recall that at a town hall meeting Kuda convened last month, sources claimed that reducing seemingly redundant roles, dismissing underperforming employees to minimize expenses, and extending runway were all subjects of discussion in light of current macroeconomic circumstances.<\/p>\n<p>This layoff is coming despite the company\u2019s plans to expand outside of Africa to Pakistan, having raised more than $90 million in total from investors like Valar Ventures and Target Global.<\/p>\n<p>https:\/\/www.google.com\/amp\/s\/techcrunch.com\/2022\/09\/02\/nigerian-digital-bank-kuda-is-the-latest-african-startup-to-lay-off-employees\/amp\/<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kuda Kuda, a Nigerian digital bank, has joined other African IT companies laying off staff. The layoff, which was initially made known by\u00a0TechCrunch, was reportedly confirmed by Kuda through email, which stated that it only let go roughly 23 employees, or less than 5% of its 450-person staff. Also Read:\u00a0Buhari To Present 2023 Budget Bill [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1197955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3888],"tags":[],"class_list":["post-1197953","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigeria-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1197953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1197953"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1197953\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1197953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1197953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1197953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}