FTX-backed Chipper Cash is embarking on its second round of layoffs

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African cross-border payments app Chipper Cash has announced a second round of layoffs, just three months after laying off 12.5% ​​of its workforce.

Sharing the news on LinkedIn, the company’s vice president of revenue, Stefano Pardi, wrote: “Friday was a sad day for Chipper Cash as many talented people were let go. To network: there is an incredibly talented group of individuals across the United States, UK, South Africa, Nigeria, Kenya and more. All areas were affected, from recruitment, HR, marketing, pricing, product, analytics, UX, research, legal and more.”

Pardi didn’t share numbers but local news outlets suggest that the cuts took out almost a third of its remaining workforce, impacting 100 employees.

Read more: FTX-backed Chipper Cash embarks on second round of layoffs

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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