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Paystack Sacks 33 Employees In Dubai & Europe - CEO - Career - Nairaland

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Paystack Sacks 33 Employees In Dubai & Europe - CEO by nlfpmod: 1:09pm On Nov 18, 2023
Today was a difficult day at Paystack.

We’re reducing our operations outside of Africa, and will be parting ways with up to 33 employees in Europe and the UAE.

In the last 3 years, our hiring philosophy was to recruit great talent regardless of location, including opening an engineering hub in Dubai.

We’re changing our operating model to prioritize locating team members within the markets we serve, to localize costs and get closer to customers.

We’re sparing no expense to minimise disruption to the lives of team members. The severance package includes 4 months’ salary, accelerating equity vesting, extending health insurance by 3 months, and more.

These are some of the most talented people I’ve ever worked with, and my goal is to ensure that every single one finds new roles as soon as possible. I’m personally happy to vouch for each one and do reference calls as needed.

Shola Akinlade (Shollsman)

22 Likes 4 Shares

Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by TemplarLandry: 1:10pm On Nov 18, 2023
cool
Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by atiku4President(m): 1:13pm On Nov 18, 2023
Na wa o

3 Likes 2 Shares

Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by aylagos(m): 1:14pm On Nov 18, 2023
Bvgg
Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by laivwire(m): 1:14pm On Nov 18, 2023
They are too expensive.

African talent will take less pay for much more work.

58 Likes 2 Shares

Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by ClearFlair: 1:14pm On Nov 18, 2023
Sensible move that criminals can't understand

9 Likes 2 Shares

Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by CaptainStephen(m): 1:14pm On Nov 18, 2023
Ok
Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by verybadmouth(m): 1:15pm On Nov 18, 2023
They will get another job since they are in working countries. If it were Naija, their own is finished

40 Likes 1 Share

Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by yabamarylaand(m): 1:15pm On Nov 18, 2023
What's going on
Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by haybhi1(m): 1:15pm On Nov 18, 2023
Silent money = Shola Akinade

34 Likes 3 Shares

Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by Tonytonex(m): 1:16pm On Nov 18, 2023
Why? I hope it's for the better. make them no play with my money oh
Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by Mindlog: 1:16pm On Nov 18, 2023
Scaling back.
Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by slaawomirr: 1:16pm On Nov 18, 2023
Damnnn niggar

Paystack my niggar

Only real football glambers can relate

10 Likes 3 Shares

Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by verybadmouth(m): 1:16pm On Nov 18, 2023
Tonytonex:
Why? I hope it's for the better. make them no play with my money oh
Which money? You put money for payment gateway

34 Likes 2 Shares

Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by atobs4real(m): 1:17pm On Nov 18, 2023
Why sacking?
Is that economic meltdown working?
I thought na only 9ja sapa dey

7 Likes 1 Share

Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by ecolime(m): 1:17pm On Nov 18, 2023
If you work in FINTECH, you never get job oo.

Dey collect the fat paychecks but plan your exit from day 1.

Their Nigerian/African workers shouldn't relax at all.

40 Likes 2 Shares

Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by atobs4real(m): 1:18pm On Nov 18, 2023
Why sacking?
Is that economic meltdown working?
I thought na only 9ja sapa dey
So meltdown fit catch any business home and abroad

7 Likes 1 Share

Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by atobs4real(m): 1:18pm On Nov 18, 2023
Why sacking?
Is that economic meltdown working?
I thought na only 9ja sapa dey
So meltdown fit catch any business home and abroad
9ja facing such since 1990
Na waoo

4 Likes 1 Share

Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by BigBlackPreek(m): 1:18pm On Nov 18, 2023
It is well o
Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by Koppaguard: 1:19pm On Nov 18, 2023
Ever since paystack changed hands, it is no longer what it used to be. It is now too strict and selective for my liking. I choose flutterwave any day any time.

7 Likes

Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by ednut1(m): 1:20pm On Nov 18, 2023
Paying them in USD was no longer sustainable

22 Likes 2 Shares

Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by Ultraman47: 1:21pm On Nov 18, 2023
What's going on
Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by superCleanworks(m): 1:21pm On Nov 18, 2023
seems like This is the season.
many people will enter January as job hunters.
Landlord no wan hear that one sha! School fees dey for side line.

1 Like 1 Share

Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by Itzteewhy(m): 1:21pm On Nov 18, 2023
Nice exit packages, at least it going to cushion the effect... I wish them all the best in that future endeavors.

1 Like

Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by sofeo(m): 1:22pm On Nov 18, 2023
It will continue to be well.
Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by wittywriter: 1:23pm On Nov 18, 2023
slaawomirr:
Damnnn niggar

Paystack my niggar

Only real football glambers odds traders can relate
ClearFlair:
Sensible move that criminals can't understand



Wittyness.
Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by superCleanworks(m): 1:23pm On Nov 18, 2023
Itzteewhy:
V
V for Vendetta
Re: Paystack Sacks 33 Employees In Dubai & Europe - CEO by abhosts(m): 1:23pm On Nov 18, 2023
In other words, earning in Naira but paying salaries in Dollars and Euros no dey workable.

23 Likes

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