Mark Lenhard, general director of the British Platform of Monetary Transmission ZEPZ.
Lukas Schulze Sports file for the internet top via Getty Images
London – British Digital Commission Firma, ZPZ releases dozens of IT employees and is in the process of closing business units in Poland and Kenya.
About 200 employees will affect the measures of dismissal, two employees who were unnecessary, said CNBC, asking for remaining anonymous due to the sensitivity of this case.
From January, Zepz about Headure in London-earlier known as Worldremit-had a global employment in the amount of 1000 people, which means that the exemptions affect about 20% of the total working strength.
Former employees say that dismissals affect several IT functions in the company, including database administration, development operations and software engineering.
ZEPZ confirmed CNBC that it reduces employment in order to “sustainable support for the next phase of long -term strategic goals and further development.” The company refused to comment on the number of employees affected by dismissals, and the spokesman explained that the redundancy process was ongoing.
“After successfully completing the efforts related to repetition, strengthened by advanced automation and AI, ZEPZ began a strategic initiative to optimize surgery throughout the organization,” said ZEPS CNBC E -Mail spokesman.
“This transformation strengthened the foundation of technology and reduced the need for certain operational and technical abilities, which resulted in a proposed reduction in roles under the general plan,” added the spokesman.
ZEPZ was advertised as one of the British beloved fintech. The company was founded by Ismail Ahmed, a British entrepreneur born in Somalia who escaped from the country during the civil war in Somalia. Ahmed today is the chairman of an underestimated company.
The group was renamed after taking over the Platform Transfer Platform in 2020, and Mark and Worldremit are under one parent company.
“Difficult choice”
CNBC obtained a company note announcing funds reducing the costs made available internally, CEO of ZEPZ Mark Lenhard.
“Today we announce a very difficult decision – the proposed reductions in our team in all the functions of the headquarters and most regions. In particular, we suggest closing our entities employing Kenya and Poland, “said Lenhard in the note.
ZEPZ advertises himself as a “distant employer” with regional offices in Kenya and Poland.
“This is a difficult choice that affects the lives of our colleagues and friends. It is also a choice that is crucial for the success of our mission to serve immigrants around the world. Both facts are real at the same time, “said Lenhard.
“To make it clear, this is not a change of strategy. We double our mission, trying to expand our influence faster, “he added. “In some places it will mean that we will still have to strictly determine priorities. In others we will be more efficient. In many cases, it will consist in thinking about how we do things today. “
The spokesman for Zepza insisted that IT employees 'layoffs would not “influence clients in any region or market” and added that the company “remains involved in the migrants' mission around the world, innovation and providing significant financial solutions to millions around the world.”
This is not the first time Zepz has lowered the number of roles to save on costs. In 2023, ZEPZ dismissed 420 employeeswhich then constituted about 26% of the global number of employees. Later the same year Zepz reduced another 30 roles in their people and marketing functions.
ZEPZ has long been advertised as a potential IPO candidate, but the schedule of it is unclear. Counting such as ACCEL, TCV and Leapfrog as investors, the startup was priced at $ 5 billion in 2021. The company announced a funding round of $ 267 million last year.
ZEPZ is in the face of the competition of several significant digital players, including PayPalIN WiseRevolut and Remitly.
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