African cross-border payments platform Chipper Cash conducted a second round of layoffs last Friday just ten weeks after it cut approximately 12.5% of its workforce (affecting its engineering team the most).

The company’s V.P. of revenue shared the news on LinkedIn, saying “all areas” across Chipper Cash’s markets were impacted this time.

According to several local outlets, Chipper Cash relieved almost one-third of its workforce, about 100 employees. Chipper Cash didn’t confirm the exact number of roles affected when TechCrunch reached out but said the reports are relatively accurate. Thus, in addition to the first round of layoffs, the five-year-old payments and crypto startup has let go of over 150 employees in the last three months to cut costs amid a torrid period for private and public tech companies globally.

(By Tage Kene-Okafor)

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