Assessing the impact of layoffs on Africa’s IT talent

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While much of the news around tech layoffs has focused on US giants like Amazon, Microsoft, Google, Oracle, Meta and Twitter, dismissals are also happening closer to home. Since December, Chipper Cash, an African cross-border payments business and one of Africa’s few tech unicorns, has laid off about 150 staff, with the brand’s engineering team taking the biggest hit. Similarly, Wave, a Francophone Africa fintech with services in Senegal and Ivory Coast, laid off roughly 15% of its team in June 2022. And in January this year, Naspers, the South African multinational Internet, technology and mu…

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