Paystack Cuts 33 Jobs to Focus on African Markets
Paystack, a Nigerian fintech startup and a subsidiary of Stripe Inc, has announced a workforce reduction of 33 employees in Europe and the UAE. The move is part of the company’s strategy to concentrate more on its African operations, where it sees more growth potential. Paystack, founded in 2015, is a leading payment service provider […]
Citigroup Employees Brace for Layoffs Amid Restructuring
Citigroup is undergoing a major restructuring plan led by CEO Jane Fraser, who aims to simplify the bank’s structure and cut down management layers. Employees are expecting announcements regarding potential layoffs and management changes next week. Citigroup, the third-largest U.S. lender, is undergoing a major restructuring plan led by CEO Jane Fraser, who aims to […]
Chainalysis to Slash 15% of Staff in Second Round of Layoffs
Chainalysis, a New York-based blockchain analytics firm, has laid off 15% of its workforce, marking its second round of job cuts in the past 12 months For potential long-term growth, the company intends to reduce expenses, according to Bloomberg. Before the layoffs, Chainalysis had about 900 employees, and it now has 135 fewer. According to […]
IBM Plans to Automate “Back-Office” Jobs with AI
IBM CEO Arvind Krishna said the company expects to replace around 30% of its non-customer-facing staff with AI technology over the next five years. IBM Seeks to Adopt AI Technology to Improve Efficiency and Reduce Costs International Business Machines Corp (IBM) is looking to put a “pause” on hiring for “back-office” roles that could be […]