{"id":3829,"date":"2023-01-20T19:40:48","date_gmt":"2023-01-20T19:40:48","guid":{"rendered":"https:\/\/researchictsolutions.com\/home\/?p=3829"},"modified":"2023-01-20T19:40:48","modified_gmt":"2023-01-20T19:40:48","slug":"african-technology-sector-job-losses","status":"publish","type":"post","link":"https:\/\/researchictsolutions.com\/home\/african-technology-sector-job-losses\/","title":{"rendered":"African technology sector job losses"},"content":{"rendered":"

The global technology sector has been shedding jobs at an alarming rate over the past few months. The numbers from the big tech companies have been huge. Amazon has laid off 18,000 employees, but that is a fraction of its 1.5 million staff. Most of these big companies don\u2019t have a large presence in Africa and most of the layoffs have been in Europe and North America. What has the impact been in Africa?\u00a0<\/span><\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Company<\/th># of layoffs\u00a0<\/th>% of workforce<\/th>\n<\/tr>\n<\/thead>\n
Amazon<\/td>18000<\/td>1.2%<\/td>\n<\/tr>\n
Microsoft<\/td>10000<\/td>5%<\/td>\n<\/tr>\n
Cisco<\/td>4100<\/td>5%<\/td>\n<\/tr>\n
Google\u00a0<\/td>12000<\/td>6%<\/td>\n<\/tr>\n
Salesforce<\/td>8000<\/td>10%<\/td>\n<\/tr>\n
Shopify<\/td>1000<\/td>10%<\/td>\n<\/tr>\n
Meta\u00a0<\/td>11000<\/td>13%<\/td>\n<\/tr>\n
Coinbase\u00a0<\/td>950<\/td>20%<\/td>\n<\/tr>\n
Twitter<\/td>3600<\/td>50%<\/td>\n<\/tr>\n
Sources\u00a0<\/td>https:\/\/bit.ly\/3ZRdgdp\u00a0<\/td>https:\/\/cnn.it\/3XxAzrm<\/td>\n<\/tr>\n
<\/td>https:\/\/bit.ly\/3ku2eKX<\/td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Of course, data is hard to find. Layoffs.fyi<\/a> has collected all the press releases and news articles into one table and sorted it by country. The table below shows some of the job losses for the biggest economies in Africa. These are lay-offs for African technology companies and don\u2019t include big tech like Meta or Google. We don\u2019t know what % of the workforce this represents, but it\u2019s clear that Africa is not exempt from the general trend.\u00a0<\/span><\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t
Country<\/th># of layoffs<\/th>\n<\/tr>\n<\/thead>\n
Kenya<\/td>439<\/td>\n<\/tr>\n
Nigeria\u00a0<\/td>491<\/td>\n<\/tr>\n
Senegal<\/td>300<\/td>\n<\/tr>\n
South Africa\u00a0<\/td>2014<\/td>\n<\/tr>\n
Egypt<\/td>450<\/td>\n<\/tr>\n
Source<\/td>https:\/\/layoffs.fyi\/<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

There is some good news, however. In terms of quarterly funding raised by start-ups<\/a>, Africa is the only continent that shows year-on-year growth. All other continents showed dramatic declines. So the tech sector in Africa still has high growth potential and presumably this will result in higher employment.\u00a0<\/span><\/p>\n

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Other news from around Africa\u00a0<\/span><\/b><\/p>\n