July 7, 2026

Layoff

Fintech

Branch layoffs spark fresh concerns over Africa fintech hiring boom

Branch, one of Africa’s largest app based lenders, has laid off employees across parts of its business in a move that is reigniting conversations around the changing realities of Africa’s fintech hiring boom, despite the company reporting profitability across its key markets. The San Francisco headquartered startup confirmed the workforce reduction, describing it as a

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Fintech

Kuda’s Shock Layoffs Signal a Bigger Reset in Nigeria’s Fintech Race

On March 25, hundreds of employees were abruptly laid off during a company wide call, a move the company insists is not about financial pressure but about preparing for its next phase of growth. Beneath that explanation, however, lies a deeper shift that reflects how fintech players are quietly restructuring for sustainability, efficiency, and scale.

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