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Wave Mobile Money lays off 300 staff in belt-tightening wave
Wave Mobile Money has however in a statement said that they are only right-sizing the business but are committed to the Ugandan market for the long haul.
Wave Mobile Money Uganda Limited, one of the latest entrants in the lucrative mobile money market, has laid off 300 staff, CEO East Africa Magazine can exclusively reveal.
It is yet to be clear on which departments have been affected and who, but a statement from the company to this reporter confirmed the move, which is said to be aimed at right-sizing the business.
“We have come to the ha
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