Branch confirms layoffs in Kenya and Nigeria despite profitable year
- Branch International laid off employees in Kenya and Nigeria as part of a headcount reduction strategy.
- The layoffs were announced during a global all-hands meeting on April 17, 2026.
- Affected employees will receive at least four months of compensation and continued health insurance through the end of 2026.
The layoffs at Branch International, while surprising to many employees, reflect a strategic shift in the fintech industry towards sustainability and profitability. This trend may indicate a more cautious approach to growth in the sector, which could have long-term implications for startups and their workforce.
