In November 2023, African fintech company Paystack laid off 33 employees as part of a strategic decision to reduce its operations outside of Africa. The layoffs affected staff in Europe and Dubai, where the company had previously expanded to support technical roles for its core African markets. Following its acquisition by Stripe, Paystack had grown its geographical presence, but this move represents a streamlining effort to refocus on its primary operations in Nigeria, Ghana, Kenya, and South Africa. The company, known for its lean structure, continues to develop products and expand within the continent while scaling back its international support teams.
