Ride-hailing company Bolt Nigeria has refuted claims that it recently laid off a significant number of employees to improve productivity and profitability.
Instead, the company stated that it only let go of a small number of workers due to the automation and updating of customer support and operational processes. Bolt Nigeria clarified that it is providing support, including severance packages, to those affected by the changes.
Contrary to reports that 22 out of 45 employees were terminated, including senior management team members, Bolt Nigeria denied the exact number of workers laid off.
The company emphasized that it has never conducted mass layoffs and has no plans to do so.
Insiders suggest that Bolt Nigeria may reconsider its presence in the country if conditions do not improve, potentially limiting its operations to major cities like Lagos and Abuja. This is not the first time Bolt has made cuts, having laid off nearly a third of its Nigerian employees in 2023, primarily junior staff.
Industry sources acknowledge the challenges facing the ride-hailing sector, including inflation, rising spare part costs, and high fuel prices.
Hmmmmmm they should sha make the right decision. Some people would still be affected sha
The economy is biting hard on these companies. I hope they don’t pack up.
I hope they compensate them properly 😒
So many companies are laying off their workers because of our bad economy
This economy is killing some people