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Kuda lays off 5% of their workforce

Kuda bank which is based in Nigeria and the U.K., has joined the ranks of tech companies in Africa that are pruning their workforce.

The news of the layoffs, which was first disclosed to TechCrunch by sources, was confirmed by Kuda via email, saying it laid off less than 5% of its 450-strong workforce, or about 23 people.

The company’s numbers are small compared to other layoffs that have taken place within Africa’s tech ecosystem...