Business and Economy
Bolt Nigeria Layoffs of 22 Employees
By Iyojo Ameh
Bolt Nigeria, a prominent technology-driven ride-hailing platform, has recently undergone a restructuring process, resulting in the termination of employment for 22 of its workers.
In a statement made by Femi Adeyemo, the Communications Manager for Bolt Nigeria, it was clarified that the layoffs affected a specific department within the company, comprising 45 employees, rather than the entire workforce as initially speculated.
Adeyemo emphasized that the decision to reduce the workforce was not indicative of financial distress but rather a strategic move aimed at optimizing operational processes within the organization.
He further iterated that the affected employees would be provided with comprehensive severance packages to facilitate their transition to new career opportunities.
The company later released an official statement affirming its commitment to maintaining the quality of its services for both riders and drivers despite the restructuring efforts.
“The affected employees will receive comprehensive severance packages to support their transition to new career opportunities,” Adeyemo added.
Subsequently, the e-hailing firm shared a statement that read, “Bolt has never done and is not doing any layoffs, which implies massively downsizing the team because the company is struggling financially. We have made the difficult decision to discontinue collaboration with 22 employees in Nigeria.
“This decision comes as we have been going through the process of restructuring a considerable number of customer support and operational processes in the country. We have offered the people who will be leaving us severance packages that will support their transition to new career opportunities.
“This decision does not affect the quality of our products for riders and drivers. We see great potential in Nigeria, and we will stand by our investment commitments in all our African markets.”
The statement also reiterated Bolt’s confidence in the Nigerian market and its determination to uphold investment commitments across all African markets.
