TECH JOBS CRUNCH

Africa’s Tech Workers Quietly Rebel As Brutal Layoffs Break Jobs Market

By  |  April 26, 2023

It wasn’t that long ago that a combination of soaring growth in a pandemic-driven tech boom and a favourable macroeconomic environment had tech investors pouring money into startups like never before. And Africa’s thriving tech scene saw its fair share, raising a record USD 4 B in 2021 and minting billion-dollar startups.

Flush with cash and tasked with plenty to build in a bid to capture value across industries in untapped markets, the demand for tech workers surged as recruiters went to work; jostling for the best talent became a new battlefront in a market facing talent gaps.

This fierce ‘talent wars’ drove salaries and perks upwards and gave workers more leeway in negotiating flexible work options. But, that’s up until industry upheavals triggered a reversal of fortunes over the past year and into 2023.

Amos, a digital marketing professional in his late twenties who asked to go by a pseudonym to avoid undue attention, told WT that he was happy to join Sendy Nigeria, the N...

Most Read


From Bootstraps To Breakthroughs: Unravelling South Africa’s Startup Secrets

The startup ecosystem in South Africa is a buoyant and dynamic industry propelled


Moniepoint Is Stepping Up Its Global Ambitions As UK Plans Take Shape

Moniepoint Inc., the parent company of one of the largest business payments and


Tracing The Rapid Rise Of E-Mobility in Kenya

The global automotive industry has shifted significantly towards electric vehicles (EVs) in recent