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Hardly 6 months after laying off some 300 people in June 2022, Wave Mobile Money Uganda Limited is set to lay off more people, CEO East Africa Magazine can exclusively reveal. We have learnt from impeccable sources that despite reassuring the market, that the June 2022 move was to “narrow and sharpen focus” and that the payments company was “here to stay for the long-term and would continue to offer free deposits, withdrawals and charge 1% on transfers” Wave will on Thursday 17th 2022 shave off another significant chunk of staff. The move will leave the company to a bare…
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Wave Mobile Money Uganda Limited, one of the latest entrants in the lucrative mobile money market, has laid off 300 staff, CEO East Africa Magazine can exclusively reveal. It is yet to be clear on which departments have been affected and who, but a statement from the company to this reporter confirmed the move, which is said to be aimed at right-sizing the business. “We have come to the hard decision to scale back our teams, narrow and sharpen our focus in Uganda to make sure we are fit for purpose,” read the statement. The company however insisted the move…
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