Microsoft and Moniepoint Offer Voluntary Exits in Separate Workforce Overhauls

Separately, the Nigerian financial services company Moniepoint is restructuring its engineering and product teams, with some positions set to be eliminated, according to TechCabal, which cited two employees with direct knowledge of the matter. The company is offering affected staff a voluntary exit package and aims to finish the process by the end of December. The changes, communicated internally on Monday, October 19, create smaller teams responsible for building and running products end to end, along with new platform architect roles to oversee shared technology systems.

TechCabal reported that staff were offered five months' salary to resign voluntarily, though Moniepoint can decline applications from employees whose skills it still requires. The voluntary exit window closed on Friday, October 23, and staff are to be informed whether their roles are affected between November 2 and November 11. A company spokesperson told TechCabal the restructuring should not be viewed as a layoff, and Moniepoint did not disclose how many employees would be affected. The company has expanded from a single product into a group spanning payments, banking, credit and business management.

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