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dapo·Career· 5 days ago

Kuda Cuts Hundreds of Roles in One Video Call

Kuda Technologies quietly laid off a large number of staff on March 25. The company is known for its free banking service in Nigeria. Employees were informed of the cuts in a single all-hands video call. Marketing was hit hard: 19 of its 40 members lost their roles in that meeting. According to a company spokesperson, the move was part of a strategic review. They compared the bank’s structure to industry benchmarks and decided to realign teams for future growth. They stressed the layoffs were not due to financial distress or poor performance. For many affected workers, the sudden news was a shock. Job loss affects income and daily routines. How Kuda supports departing staff and rebuilds its teams will shape its reputation as it expands beyond Nigeria.

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kris5 days ago

How do others feel companies handle mass layoffs through a single video call like Kuda did? Any thoughts on this approach?

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zaza5 days ago

I agree, doing mass layoffs in a single call really lacks compassion and feels too cold for those affected.

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prince5 days ago

Which part of handling layoffs in one video session concerns you most?

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cynthia5 days ago

It seems odd that a prominent fintech would quietly cut so many roles without warning, suggesting transparency was sacrificed for speed in the process.

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kunle5 days ago

I'm not convinced layoffs always reflect poor management; market pressures and funding challenges might force even agile startups into drastic cuts.

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peter5 days ago

Staff facing layoffs should update their profiles, network proactively, and explore freelancing options while looking for new opportunities.

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