Moniepoint offers staff voluntary exit in engineering and product restructuring
A Moniepoint spokesperson said the restructuring should not be regarded as a layoff. The company did not disclose how many employees would be affected.
Moniepoint, the Nigerian financial services company, is restructuring its engineering and product teams, offering affected staff a voluntary exit package. The restructuring aims to create smaller, focused teams responsible for building and operating products end-to-end, while also introducing new platform architect roles. The company expects to complete the process by the end of December, and employees were given five months' salary to resign voluntarily.
The voluntary exit window closed on October 23, and staff will learn of their roles' status between November 2 and November 11. Moniepoint's restructuring comes as the company grows from a single product into a financial services group, focusing on payments, banking, credit, and business management. The company believes smaller teams with clearer responsibilities will enable faster product development, greater operational reliability, and a smoother expansion into new markets.
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