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PayPal to Trim Global Workforce by 9%

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Global payments processor PayPal plans to reduce its global workforce by 9%, which is equal to about 2 500 jobs. The news was broken in a letter to PayPal employees from newly-appointed CEO Alex Chriss.

In the letter, Chriss says the measures taken are aimed at “right-sizing” the business for increased agility and faster responses to customer demands.

The decision to cut jobs will encompass direct reductions and the elimination of open roles, with affected employees set to receive notifications throughout the week.

“These decisions were not easy to make, and we are undertaking these actions with tremendous care and consideration,” he writes.

The announcement comes in the wake of recent efforts by tech companies worldwide to adapt to changing market dynamics. The beginning of 2024 has witnessed a wave of job cuts in the industry, with major players such as Amazon, Google, Meta and Salesforce making significant staff reductions.

According to layoff-tracking website Layoffs.fyi, a total of 103 tech companies have retrenched over 28 000 employees globally this year.

The strategic decision by PayPal is framed within a broader context of strategic initiatives outlined in a recent global announcement, which saw the company unveil new products and innovations.

During his address, Chriss outlined several changes, including a focus on driving more efficiency, deploying automation and consolidating technology to reduce complexity.

Chriss expressed confidence in PayPal’s potential to create value for employees, customers and shareholders. Looking ahead, he outlined a collective effort over the next year to maximise reach, scale and resources, with the aim of having a greater impact on clients.

“I am confident that our PayPal community will come through this period even stronger, and I am optimistic about the future we will create together.”


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WEBINAR: Techeconomy Business Series Hosts Experts from MTN, Interswitch, BusinessPlus, others this Wednesday

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Techeconomy, Africa’s leading technology, business and digital economy publication, has announced an upcoming edition of its Techeconomy Business Series, a virtual webinar.

WEBINAR: Techeconomy Business Series Hosts Experts from MTN, Interswitch, BusinessPlus, others this Wednesday

Techeconomy

This month’s edition focused on “Navigating a Career in Tech Sales, is scheduled for Wednesday, January 28, 2026, from 5:00 PM to 6:00 PM (WAT)

Register here: https://shorturl.at/mMvLu),

It will bring together seasoned professionals from across Africa’s technology ecosystem to share practical insights, real-life experiences, and career guidance for individuals looking to build or transition into successful careers in tech sales.

“As Africa’s digital economy continues to expand, tech sales has emerged as a critical growth driver, bridging innovation, customer adoption, and revenue generation,” said Joan Aimuengheuwa, managing editor at Techeconomy.

“The session is designed to equip professionals, young talents, and business leaders with a clearer understanding of the skills, mindset, and career pathways required to succeed in this fast-evolving field”, she added.

The panel features accomplished industry experts including, divisional head, Growth Marketing (Enterprise), Interswitch Group; Ekundayo Ayeni, co-founder, BusinessPlus; Adepeju Ajayi, manager, Mobile Advertising, MTN Nigeria; and Bukayo Ewuoso, Business Growth Consultant.

The session will be hosted by Imoh Anselem, an IT Project Manager and Customer Success Specialist.

Participants will gain insights into: Ogechi Okwechime

·       Breaking into tech sales and identifying entry opportunities

·       Key skills and competencies employers look for

·       Career growth strategies within Africa’s digital economy

·       Lessons from real-world sales and growth experiences

Webinar Details:

Date: Wednesday, January 28, 2026 | Time: 5:00 PM – 6:00 PM (WAT) | Format: Virtual (Zoom)

Registration/Access Link: https://shorturl.at/mMvLu

Attendance is free, but registration is required.

“The Techeconomy Business Series is part of Techeconomy’s ongoing commitment to fostering informed conversations, capacity building, and talent development across Africa’s technology and business landscape”, the managing editor added.

TAGS: #TechSales, #Techeconomy, #Techeconomy, #TechSales, #CareerInTech, #DigitalEconomy, #BusinessSeries, #AfricaTech, #TBS #TecheconomyBusinessSeries


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Nigeria Treats Religious Violence as Attack on State – NSA Ribadu

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National Security Adviser Nuhu Ribadu has said the federal government considers religious violence an attack on the Nigerian state, stressing that the protection of all citizens, regardless of faith, is non-negotiable.

Nigeria Treats Religious Violence as Attack on State – NSA Ribadu

According to presidential spokesperson Bayo Onanuga, Ribadu made the remarks in Abuja at the close of a US–Nigeria Joint Working Group session.

“Nigeria is a deeply plural society, and the protection of all citizens, Christians, Muslims, and those of other beliefs, is non-negotiable,” Ribadu said.
“Violence framed along religious lines is treated as an attack on the Nigerian state itself.”

In a follow-up post on X, Ribadu said the joint working group has recorded “tangible operational gains” in the fight against terrorism.

The working group was set up following Nigeria’s designation as a Country of Particular Concern (CPC) by US President Donald Trump, a label that often triggers policy actions aimed at ending severe violations of religious freedom.

At the meeting, Ribadu led Nigeria’s delegation, which included representatives from 10 ministries and agencies, while the US delegation, made up of eight federal agencies, was led by Allison Hooker, US under-secretary of state.

Ribadu said Nigeria-US security cooperation has moved from dialogue to action, resulting in the disruption of terrorist networks and transnational criminal groups. He also praised the US for supplying drones, helicopters, platforms, spare parts, and other support systems over the past five years.

Speaking at the session, Hooker said the US was committed to expanding its partnership with Nigeria, particularly on deterring violence against Christian communities.

“Today, we are here to discuss how we can work together to deter violence against Christian communities, prioritising counter-terrorism, insecurity, investigation of attacks, and holding perpetrators accountable,” she said.

She added that efforts would focus on reducing killings, forced displacement, and abductions of Christians, especially in Nigeria’s north-central states


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PalmPay User Shares Experience on Fintech Apps to Trust in Nigeria

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For many Nigerians, fintech apps are judged by one simple question: Can I trust the platform? For Happiness, a young Nigerian entrepreneur, the answer manifested in the most defining moments of her life.

Trust Built Through Everyday Use

In 2025, Happiness relied on PalmPay to run her business, from receiving customer payments, paying vendors, and managing daily transactions. During PalmPay’s Hustle Grant Campaign, she joined thousands of small business owners hoping to win the N500,000 funding.

While she didn’t make the shortlist, the campaign gave her business something just as valuable: visibility. New customers discovered her brand, enquiries increased, and sales followed.

PalmPay didn’t just host a campaign; it created an ecosystem where small businesses could be seen and supported.

Just days later, Happiness’ life changed. On August 30, 2025, she lost her father. With this loss came challenges, especially payments. They tried transferring money through regular banks but were met with declined transactions. Happiness suggested using her PalmPay account and it was successful.

In a moment defined by loss and urgency, PalmPay cut through the chaos, proving that reliability isn’t a feature, it’s a lifeline. Happiness’ relationship with PalmPay didn’t stop at transactions. Through other management tools on the app, she learned to build discipline around her finances.

More Than an App, a Financial Partner

Beyond transactions, PalmPay’s tools helped Happiness build better money habits and financial discipline. Today, the brand continues to reward reliability through initiatives like its ongoing Premier Cool campaign, reinforcing a simple message: consistency should come with value.

The idea is simple: Purchase a bar of soap and stand a chance to get ₦10,000cash and other cash benefits.

It’s PalmPay’s way of saying that smart money habits deserve real value in return.

Why PalmPay Earns Trust

Life doesn’t give warnings before it tests you. When it does, you need a platform that doesn’t just usually work but always works.

For many users, PalmPay proves to be more than a payment app. It is a trusted partner powering ambitions, supporting users through defining life moments, while helping them bank smartly.

When it mattered most, PalmPay worked. To watch the full testimonial visit: @palmpayapp_ng


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