Image via TechPoint Africa
Last updated
Tala: Layoffs
Tala is cutting jobs in Kenya again, indicating a second round of workforce reductions
Source: TechPoint Africa
The leadership read
Workforce moves like this mark the contracting side of the sector hiring conditions.
Market context: This lands while the Talent Market Index reads 113.9 (Hot) — up 13.8 versus the prior month — and EMEA signal share is steady (-1.5pts).
Tala: 1 signal in the last 90 days; 0.1% of MitchelLake's EMEA signal flow.
More signals across EMEA
Layoffs · EMEA
Renault →Renault announced plans to cut 800 jobs in engineering operations in France, indicating a significant workforce reduction in core technical functions.
Layoffs · EMEA
British Council →British Council plans to cut approximately 25% of workforce (alongside closure of 11 country offices) to manage £197m pandemic-related debt. Already reduced headcount by 2,110 FTE since April 2021; further redundancies signalled as part of turnaround plan. Organisation not expected to return to profitability until 2029/30.
Layoffs · EMEA
Kyndryl →Kyndryl is conducting multi-country workforce rebalancing with a $200 million severance charge. In the UK alone, at least 100 employees expected to leave through voluntary redundancy with 4-month pay packages, with compulsory redundancies to follow if targets not met. Affects small percentage of 73,000-person workforce.
Layoffs · EMEA
GitLab →GitLab is cutting 14% of its workforce while exiting 22 countries, reducing management layers, and investing in infrastructure to scale for AI workloads
Layoffs · EMEA
Bek Ventures →Bek Ventures (formerly Earlybird Digital East) experienced significant investment team departures with four team members leaving within a four-month period, indicating internal instability or strategic restructuring.
Layoffs · EMEA
Close Brothers →Close Brothers is cutting around 600 jobs to reduce costs amid mounting motor finance bills
Intelligence powered by Autonodal ↗