Why are African tech startups laying off staff?

<p>This episode is also available on YouTube - <a href="https://youtu.be/3ltkVytZfZs">https://youtu.be/3ltkVytZfZs</a></p> <p>Today on the Techpoint Africa Podcast, we discuss layoffs by companies within and outside the tech space. Tech human resources expert, Wenyimi Barber walks us through:<br /> <br />1. What to expect in the coming days,<br />2. How to protect yourself from being laid off,<br />3. How to tell your employees they are being let go,<br />4. The effect layoffs have on both employer and employee, among other things.</p> <p>To advertise or promote your brand, visit&nbsp;<a href="%20https:/techpoint.africa/advertise">this link</a>&nbsp;or send an email to <a href="mailto:business@techpoint.africa" target="_blank" rel="nofollow noopener">business@techpoint.africa</a></p> <p>Follow <a href="https://play.google.com/store/apps/details?id=com.whistler.whistler">this link</a> to download the Whistle app on the Google Play Store.</p> <p>Explore the fintech in everything at <a href="https://techpoint.africa/2022/08/18/explore-the-fintech-in-everything-at-the-fintech-summit-2022">The Fintech Summit 2022</a></p> <p><br /><strong>Timestamps</strong><br />00:00 - Introduction<br />03:31 - Why are tech startups laying off employees?<br />10:36 - Was this inevitable?<br />11:51 - What could have been done to cushion the effect?<br />14:28 - Other alternatives to layoffs<br />18:10 - Making the decision to downsize<br />20:22 - Can you avoid been laid off?<br />21:10 - Case study: Strategies Xiaomi's HR person could have taken when downsizing<br />22:27 - How to diplomatically tell an employee that they are been laid off<br />25:17 - What severance packages are<br />27:09 - How to handle the stigma as a company <br />30:42 - Is there a respite in view?<br />34:21 - Who comes out as the "winner" at the end?<br />36:02 - What causes talent churn?<br />&nbsp;<br /><strong>Useful links</strong></p> <ul> <li>Softcom&rsquo;s Weyinmi Barber is <a href="https://techpoint.africa/2022/07/19/weyinmi-b