In early November 2022, Nigerian-founded mobility fintech startup Moove dismissed an undisclosed number of employees from its workforce, particularly in its Nigeria offices. The company, which operates globally as a vehicle financing partner for ride-hailing platforms like Uber, stated the actions were not layoffs but terminations due to performance issues and gross misconduct. Moove emphasized a zero-tolerance policy for misconduct, citing potential impacts on customer livelihoods. While the exact number affected remains unknown, the company confirmed a workforce of approximately 400 employees at the time. Affected staff received three months' base salary as a goodwill gesture but were required to sign NDAs and legal waivers. This occurred after Moove raised over $140 million in funding rounds during 2022.
