Chipper Cash is laying off a new set of employees in the company after it previously sacked 12.5 of its workforce. This was disclosed by the company’s V.P. of revenue via LinkedIn. In the statement the V.P. has this to say:
“Friday was a sad day for Chipper Cash, as many talented people were let go. For my network, there is an incredibly talented pool of individuals across the U.S., the U.K., South Africa, Nigeria, Kenya, and more.”
He also revealed that the sacked employees are highly experienced in managing very complex projects in fintech, adding that, all areas were affected ranging from Recruitment, HR, Marketing, Pricing, Product, Analytics, UX, Research, and Legal amongst others.
Chipper Cash Previous Layoffs
Chipper Cash previously sacked one-third of its employees although the cross-border payments platform did not confirm the exact number of roles affected.
In addition, the crypto startup has let go of over 150 employees in three months to cut costs amid a harsh period for private and public tech companies globally.
The CEO’s Remark
Speaking on this, the CEO, Ham Serunjogi in a statement said,
“The last two years were a period of rapid growth and scaling for us as a business and, to reflect this, our global headcount grew by around 250 people. However, given the macroeconomic climate, we are narrowing our current focus to core markets and products – concentrating our efforts where we know we can thrive. With this hyper-focused prioritization, the reality is that we, unfortunately, need a smaller team at Chipper.”
“Chipper is one of the largest crypto platforms in Africa today, and it remains one of our fastest-growing products. We are excited about the future of crypto in Africa and continue to invest in the product,” The CEO added.
About Chipper Cash
Chipper Cash is a cross-broader payments app, where people send and receive money in and between Nigeria, South Africa, Ghana, Uganda, Rwanda, and Tanzania.
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