Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Prosus, Naspers cutting 30% of jobs at corporate offices

Published 25/01/2023, 16:59
© Reuters. FILE PHOTO-Prosus' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration

AMSTERDAM (Reuters) - Prosus NV and its South African parent Naspers are cutting up to 30% of jobs at their corporate offices, the Dutch technology investor said.

The companies are the latest major technology-based firms to make layoffs, after Google parent Alphabet (NASDAQ:GOOGL)'s big cuts announced last week.

"We are adapting to a changing macro environment and have been working for some time to strengthen our cost structures," a Prosus spokesperson said in a statement on Wednesday.

Prosus and Naspers have around 15 corporate offices around the world, with the largest ones in Johannesburg and Amsterdam.

"Today we are announcing a reduction of some roles as we realign our efforts on specific areas and reduce our cost base."

Prosus/Naspers have around 30,000 employees but most are employed at companies in their investment portfolio. There is no figure available for the number employed at corporate offices located around the globe, a spokesperson said.

Prosus owns and operates some of the companies it invests in, including Brazilian meal delivery giant iFood and online classifieds marketplace OLX.

It also owns minority stakes in dozens of companies such as Delivery Hero.

Those companies are making their own decisions on staffing, the spokesperson said, on differing time frames.

There was no schedule for the cuts to the corporate offices.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.