African fintech unicorn Chipper Cash lays off about 12.5% of staff

Chipper Cash, an African cross-border payments company valued at $2.2 billion last year, has laid off a portion of its workforce.
Yesterday, a few affected and non-affected employees took to LinkedIn to reveal the news. TechCrunch has learned from sources that over 50 employees were affected across multiple departments; the engineering team took the biggest hit, with around 60% of those laid off coming from the department, according to people familiar with the matter.
“This morning a significant amount of Chipper staff were let go in a layoff. While I was not among them, many of my close

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