Nigerian crypto startup Quidax cuts jobs amid push into B2B products
- Quidax terminated the appointment of employees across multiple teams, including sales, design, and operations.
- The company announced the layoffs during a company-wide all-hands meeting on March 2, 2026.
- Affected employees received their February salary and one month of severance pay.
The recent layoffs at Quidax highlight the ongoing challenges faced by cryptocurrency startups in a volatile market. While the shift towards B2B partnerships may provide a strategic advantage, the lack of clear communication and metrics regarding employee performance raises concerns about the company's internal management practices. Further discussion is needed on how Quidax can effectively navigate these changes while maintaining employee morale and operational efficiency.
