Estonia-based ride-hailing platform Bolt has laid off 17 out of its 70 employees in Nigeria, with sources suggesting that the move affected mostly junior and mid-senior members of the operations team, including city managers.

This information was disclosed by a close source to Bolt, who spoke to reporters on Tuesday.

According to the statement, “Bolt had to terminate work contracts with 17 of its employees in Nigeria due to a strategy initiated to improve our operational processes in the country. ” “This was certainly not an easy decision to make, and we completely understand the frustration of the affected employees.”

The layoffs happened despite a recent promise of job security from the company’s CEO, Markus Villig. One employee who spoke to the press on the condition of anonymity stated that there have been some restructuring talks making the rounds internally since last year. According to the employees, management later confirmed this when it informed them of a possible restructuring that would most likely result in internal team reshuffling and....
https://ratecaptain.com/bolt-lays-off-17-employees-in-nigeria/