SWVL to lay off 32 per cent of its workforce, expects to turn profitable in 2023
- Date: 30-May-2022
- Source: Wamda
- Sector:Financial Markets
- Country:Egypt
SWVL to lay off 32 per cent of its workforce, expects to turn profitable in 2023
Source: ITP
Ride-hailing provider Swvl is to reduce its headcount by 32 percent as it looks to turn cash flow positive next year.
The planned staff reductions will focus on roles that have been automated following investment in engineering, product and support functions.
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