* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, September 5, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

    Jenny Han Dropped a Major ‘The Summer I Turned Pretty’ Easter Egg Revealing [SPOILER] – yahoo.com

    Jenny Han Just Unveiled a Huge ‘The Summer I Turned Pretty’ Easter Egg That Changes Everything [SPOILER]

    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Honors Late Singer with Emotional New Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

    Comanche Nation Entertainment closes casino near Devol – KSWO 7News

    Comanche Nation Entertainment Closes Casino Near Devol in Surprising Move

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

    Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

    Credo Technology Group Holding Ltd. (CRDO) Surpasses Q1 Earnings and Revenue Estimates – Yahoo Finance

    Credo Technology Group Surpasses Q1 Earnings and Revenue Expectations

    The Economist is hiring a science and technology correspondent – The Economist

    Exciting Opportunity: Become Our Next Science and Technology Correspondent!

    Blockchain lender Figure Technology seeks to raise up to $526M in IPO (FIGR:Pending) – Seeking Alpha

    Blockchain Lender Figure Technology Sets Sights on $526M in Thrilling IPO Launch

    New Technology from Ramsey Theory Group Brings Diagnostic Testing and Telehealth Directly into Patients’ Homes – Yahoo Finance

    Revolutionary Ramsey Theory Technology Delivers Diagnostic Testing and Telehealth Right to Your Doorstep

    China’s CATL sells stake in Finnish subcontract car manufacturer – Reuters

    China’s CATL Sells Stake in Finnish Auto Supplier in Strategic Move

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

    TS Entertainment bringing Malibu Jack’s to former Owensboro mall – Lane Report

    TS Entertainment Launches Malibu Jack’s at Former Owensboro Mall Location

    Jenny Han Dropped a Major ‘The Summer I Turned Pretty’ Easter Egg Revealing [SPOILER] – yahoo.com

    Jenny Han Just Unveiled a Huge ‘The Summer I Turned Pretty’ Easter Egg That Changes Everything [SPOILER]

    Liam Payne’s Cousin Ross Harris Honors Late Singer With Emotional Song ‘Bones’ – yahoo.com

    Liam Payne’s Cousin Ross Harris Honors Late Singer with Emotional New Song ‘Bones

    Country music star apologizes after drunken show ends with cops taking him down: ‘I’m not OK’ – PennLive.com

    Country Music Star Apologizes After Drunken Show Ends in Police Intervention: ‘I’m Not OK

    Comanche Nation Entertainment closes casino near Devol – KSWO 7News

    Comanche Nation Entertainment Closes Casino Near Devol in Surprising Move

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

    Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

    Credo Technology Group Holding Ltd. (CRDO) Surpasses Q1 Earnings and Revenue Estimates – Yahoo Finance

    Credo Technology Group Surpasses Q1 Earnings and Revenue Expectations

    The Economist is hiring a science and technology correspondent – The Economist

    Exciting Opportunity: Become Our Next Science and Technology Correspondent!

    Blockchain lender Figure Technology seeks to raise up to $526M in IPO (FIGR:Pending) – Seeking Alpha

    Blockchain Lender Figure Technology Sets Sights on $526M in Thrilling IPO Launch

    New Technology from Ramsey Theory Group Brings Diagnostic Testing and Telehealth Directly into Patients’ Homes – Yahoo Finance

    Revolutionary Ramsey Theory Technology Delivers Diagnostic Testing and Telehealth Right to Your Doorstep

    China’s CATL sells stake in Finnish subcontract car manufacturer – Reuters

    China’s CATL Sells Stake in Finnish Auto Supplier in Strategic Move

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Paystack to lay off 33 employees in the UAE and Europe

November 16, 2023
in Technology
Paystack to lay off 33 employees in the UAE and Europe
Share on FacebookShare on Twitter

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 confirmed this in a tweet today, saying the layoff is happening because Paystack is reducing its operations outside Africa.

“In the last 3 years, our hiring philosophy was to recruit great talent regardless of location, including opening an engineering hub in Dubai,” Akinlade revealed in the tweet. “We’re changing our operating model to prioritise locating team members within the markets we serve, to localise costs and get closer to customers.” According to Akinlade, 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. 

Paystack’s primary market is Nigeria, where the local currency has been devalued by more than half since June this year. In Kenya, the fintech’s second market, the shilling has fallen by almost 20% from this time last year. The fintech also operates in South Africa and Ghana, countries where inflation continues to erode purchasing power and pose a challenge for businesses and governments.

In November last year, Paystack’s parent company, Stripe laid off 14% of its workforce. The US payment giant further reduced headcount in June this year, according to reporting from The Information.

Per LinkedIn data, Paystack has 27 employees in the United Arab Emirates, 25 employees live in the United Kingdom. And seven other staffers reside in the European Union countries of Germany, Portugal, and France, data from LinkedIn shows. 

The layoffs come at a time Paystack is expanding its offerings to take advantage of the surge in electronic payments in its primary market, Nigeria. In October, TechCabal exclusively reported that Paystack is launching virtual terminals, a new product that allows merchants to accept payments with bank transfers for multi-person businesses. More recently, the Stripe-owned fintech announced a direct debit product that will allow Nigerian businesses to charge customers’ bank accounts directly.

Get the best African tech newsletters in your inbox

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechCabal – https://techcabal.com/2023/11/16/paystack-layoffs/

Tags: EmployeesPaystacktechnology
Previous Post

Female founders are imagining a world without investors

Next Post

Video: ADCC documentary series celebrates UFC ties during 25th anniversary

Niger will be Africa’s fastest-growing economy in 2025, says World Bank – Peoples Dispatch

Niger will be Africa’s fastest-growing economy in 2025, says World Bank – Peoples Dispatch

September 5, 2025
Justin Bieber’s ‘Swag II’ Album Isn’t Out as Promised & It’s Keeping Fans Waiting – yahoo.com

Justin Bieber’s ‘Swag II’ Album Postponed, Fans Left Counting Down the Days

September 5, 2025
Kennedy draws bipartisan pushback at Senate hearing over moves to limit vaccines – NBC News

Kennedy Faces Strong Bipartisan Opposition at Senate Hearing Over Vaccine Restrictions

September 5, 2025
Stephen A. Smith is ready to talk politics: ‘I will spare no one’ – The Washington Post

Stephen A. Smith Is Ready to Dive Into Politics: ‘I Will Spare No One

September 5, 2025
Borgo Laudato si’: Pope Leo XIV to launch new ecological and spiritual chapter – Vatican News

Pope Leo XIV to Ignite a Powerful New Era of Ecological and Spiritual Renewal at Borgo Laudato Si

September 4, 2025
Scientific objectivity is a myth – cultural values and beliefs always influence science and the people who do it – The Conversation

Why Scientific Objectivity Is a Myth: How Culture Shapes Science and Its Practitioners

September 4, 2025
Nuclear Fuel: The Art And Science Of The Nuclear Renaissance – The National Interest

Nuclear Fuel Uncovered: The Art and Science Powering the New Energy Revolution

September 4, 2025

Ramlila Artists Embrace Healthy Lifestyles to Truly Bring Divine Characters to Life

September 4, 2025
Monkey Island LNG Picks ConocoPhillips’ Liquefaction Technology – Hart Energy

Monkey Island LNG Selects ConocoPhillips’ Advanced Liquefaction Technology for Next-Gen Energy Solutions

September 4, 2025
This professor teaches sports betting. Here’s the NFL wager he warns against and why – WDSU

This Professor Uncovers the NFL Bet You Should Steer Clear Of-and Explains Why

September 4, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (807)
  • Economy (826)
  • Entertainment (21,704)
  • General (16,862)
  • Health (9,867)
  • Lifestyle (839)
  • News (22,149)
  • People (827)
  • Politics (833)
  • Science (16,036)
  • Sports (21,324)
  • Technology (15,806)
  • World (806)

Recent News

Niger will be Africa’s fastest-growing economy in 2025, says World Bank – Peoples Dispatch

Niger will be Africa’s fastest-growing economy in 2025, says World Bank – Peoples Dispatch

September 5, 2025
Justin Bieber’s ‘Swag II’ Album Isn’t Out as Promised & It’s Keeping Fans Waiting – yahoo.com

Justin Bieber’s ‘Swag II’ Album Postponed, Fans Left Counting Down the Days

September 5, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version