Prosus, Naspers chopping 30% of jobs at company workplaces

AMSTERDAM (Reuters) – Prosus NV and its South African mother or father Naspers are chopping as much as 30% of jobs at their company workplaces, the Dutch expertise investor stated.

The businesses are the newest main technology-based companies to make layoffs, after Google mother or father Alphabet’s massive cuts introduced final week.

“We’re adapting to a altering macro surroundings and have been working for a while to strengthen our price constructions,” a Prosus spokesperson stated in an announcement on Wednesday.

Prosus and Naspers have round 15 company workplaces world wide, with the biggest ones in Johannesburg and Amsterdam.

“Immediately we’re asserting a discount of some roles as we realign our efforts on particular areas and cut back our price base.”

Prosus/Naspers have round 30,000 workers however most are employed at firms of their funding portfolio. There isn’t a determine accessible for the quantity employed at company workplaces positioned across the globe, a spokesperson stated.

Prosus owns and operates a number of the firms it invests in, together with Brazilian meal supply big iFood and on-line classifieds market OLX.

It additionally owns minority stakes in dozens of firms akin to Supply Hero.

These firms are making their very own selections on staffing, the spokesperson stated, on differing time frames.

There was no schedule for the cuts to the company workplaces.

(Reporting by Toby Sterling; Modifying by Jane Merriman and Alexander Smith)