Global investment group, Prosus, and its parent company, South African-based Naspers, plan to reduce their corporate workforce by 30%.
CEO, Bob Van Dijk said that Prosus would make cuts at its corporate centres, including hubs in South Africa, Hong Kong, and Amsterdam.
He also stated that the job cuts would occur over the next year and affect approximately 15 locations.
While Van Dijk didn’t reveal the number of people that would be affected, as of March 2022, Prosus employed 30,000 people globally. Going by this, it means the company will cut 9,000 jobs.
Prosus has invested in classifieds, food delivery, payments, and educational software. Consequently, Van Dijk stated that the company would attempt to cut costs at the 80 companies.
However, those efforts will have different “timelines and scales.” The company has already closed some offices and reduced staff at others.
According to Van Dijk, the measures should help Prosus become profitable by the first half of 2025.
Article by: chpoint.africa
January 26, 2023 - BY Admin