SWVL reduces its headcount by 50% six months after axing 400+ staff

Cairo-born and Dubai-based mass transit and shared mobility services provider SWVL has carried out its second round of layoffs affecting 50% of its remaining headcount, according to a statement shared by the company. 
The news is coming six months after SWVL laid off 32% of its workforce in a “portfolio optimization program” effort geared towards achieving positive cash flow next year. Over 400 employees were affected at the time, leaving more than 900 behind at the mobility company, based on data from its LinkedIn profile. But with the second round of layoffs, the number of employees at SWVL

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