Lazerpay Layoffs
November 2022
Lazerpay announced a layoff affecting 0 employees in November 2022. The company operates in the Crypto sector.
0
Nov 29, 2022
About
Lazerpay, a Nigerian crypto payment startup, has commenced layoffs to extend its operational runway after a lead investor pulled out, thwarting its fundraising plans. The exact number of employees affected is not specified, but the downsizing follows earlier cost-cutting measures, including halting management salaries and reducing pay for other staff. Founded in 2021, the company, which aims to be the "Stripe for crypto payments," had helped 3,000 businesses globally. The layoffs, announced by CEO Njoku Emmanuel in late November 2022, are attributed to funding challenges, though he clarified they are unrelated to the FTX collapse. This move reflects broader pressures in the crypto and startup sectors.
Related Events
More Crypto Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl