Lagos, June 25, 2024 – Flutterwave, a payment company, has sacked 24 members of staff in a reorganisation exercise.
The company also announced the “doubling down” on its core business, enterprise payments and remittance segment, Send App.
Olugbenga Agboola, the Chief Executive of the company said: “As a result, we have rebuilt the teams to more efficiently utilise the opportunities in these markets.
“Consequently, we’ve made the difficult decision to support the transition of 24 Wavers accounting for about 3 percent of our workforce.”
Flutterwave has suffered some major setbacks before the reorganization exercise. It recently denied media reports of losing N11 billion due to a security breach.
In March 2023, there were reports of hackers stealing N2.9 billion from the company due to unauthorized transactions conducted by some POS dealers.. (GBN)
