Telecommunication giant, MTN Nigeria has laid off about 280 of its workers in a major job cut that affected about 15% of the company’s entire Nigerian workforce.
The sack affected both permanent and contract staff as well as long serving workers of the company.
According to reports, some 200 permanent employees were dismissed while another 80 contract staff were also sacked.
Those laid off were from various cadres, ranging from new graduates to senior managers, some of who had served the company for as long as 15 years.
According to a source familiar with the company who pleaded to be anonymous, the sackings were as a result of “the changing dynamics of the telecoms industry in recent times”.
MTN Nigeria recorded nearly $1 billion in profit in 2016. However, the telecoms firm was heavily fined by the Nigerian government for failing to disconnect 5.2 million unregistered subscribers.