Kuda Cuts Hundreds of Roles in One Video Call

Kuda Technologies quietly laid off a large number of staff on March 25. The company is known for its free banking service in Nigeria. Employees were informed of the cuts in a single all-hands video call. Marketing was hit hard: 19 of its 40 members lost their roles in that meeting. According to a company spokesperson, the move was part of a strategic review. They compared the bank’s structure to industry benchmarks and decided to realign teams for future growth. They stressed the layoffs were not due to financial distress or poor performance. For many affected workers, the sudden news was a shock. Job loss affects income and daily routines. How Kuda supports departing staff and rebuilds its teams will shape its reputation as it expands beyond Nigeria.

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