Flutterwave cuts 50% of staff in Kenya and South Africa in major cost-cutting move

Flutterwave has cut 50% of its staff in Kenya and South Africa to reduce costs and move closer to profitability ahead of a potential public listing. The move, which comes less than a year after the company laid off 3% of its workforce, affects multiple departments, with the most impact seen in compliance, legal, and human resources (HR) teams, according to people familiar with the matter….