Transcribed
Paystack to Lay off 33 Employees in the UAE and Europe
Nov 22, 2023 ·
1m 49s
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Paystack to Lay off 33 Employees in the UAE and Europe
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Description
Paystack, the Nigerian fintech acquired in 2020 for $200 million by Stripe, is laying off 33 workers in Europe and UAE. The company’s CEO, Shola Akinlade says the layoff is...
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Paystack, the Nigerian fintech acquired in 2020 for $200 million by Stripe, is laying off 33 workers in Europe and UAE.
The company’s CEO, Shola Akinlade says the layoff is happening because Paystack is reducing its operations outside Africa.
Akinlade says the affected staff will be getting a severance package which includes four months’ salary, accelerating equity vesting, and an extension of health insurance by three months.
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The company’s CEO, Shola Akinlade says the layoff is happening because Paystack is reducing its operations outside Africa.
Akinlade says the affected staff will be getting a severance package which includes four months’ salary, accelerating equity vesting, and an extension of health insurance by three months.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
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