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Nairaland Forum / Nairaland / General / Career / IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. (18063 Views)
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IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by POLS: 4:12pm On Aug 20 |
IHS Towers ($IHS), the world’s fourth-largest independent tower company, has laid off over 100 employees as currency devaluation in Nigeria, its biggest market, squeezes its profits. One person with direct knowledge of the business told TechCabal that the layoffs, which cut across several departments, mostly affected senior employees and the network surveillance team. https://techcabal.com/2024/08/20/ihs-towers-layoffs/ 3 Likes
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Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by POLS: 4:12pm On Aug 20 |
It actually more than 100... This is from a reliable source.. 72 Likes 2 Shares |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by gaby(m): 4:30pm On Aug 20 |
It keeps unraveling.... It's going to be a long drive, guys... 42 Likes 1 Share |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by OkCornel(m): 5:50pm On Aug 20 |
Dear Sycophants, On August 29 2023, Tinubu’s government promised to create 50 million jobs and revive the economy. This is almost one year. How far with your messiah’s plan? https://www.nairaland.com/7821154/tinubu-sets-3-year-economic-revival 89 Likes 10 Shares |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by timibare(m): 7:11pm On Aug 20 |
More to come ajeh 14 Likes 1 Share |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by Abaki5: 8:31pm On Aug 20 |
I'm sorry for those that lost their job may God help them to get a best job than this one they just lost. 23 Likes 2 Shares |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by IyaTola: 9:10pm On Aug 20 |
![]() Job loss can have a significant impact on families in Nigeria, including: 1. Reduced income: Decreased financial stability and ability to meet basic needs. 2. Increased poverty: Higher risk of falling into poverty, exacerbating existing economic challenges. 3. Emotional distress: Stress, anxiety, and depression among family members. 4. Changes in family dynamics: Altered roles, responsibilities, and relationships within the household. 5. Reduced access to education: Decreased ability to afford school fees, uniforms, and materials. 6. Poor health outcomes: Inability to afford healthcare, leading to neglected medical conditions. 7. Increased debt: Accumulation of debt due to inability to meet financial obligations. 8. Homelessness: In extreme cases, loss of housing due to inability to pay rent or mortgage. 9. Malnutrition: Reduced access to nutritious food, leading to malnutrition and related health issues. 10. Social isolation: Withdrawal from social activities and community engagement due to shame or stigma. In Nigeria, where many families rely on a single breadwinner, job loss can have far-reaching consequences, affecting not only the individual but also their dependents. Here's a WhatsApp channel for jobs https://whatsapp.com/channel/0029VaH6zEJFHWpuQ1zwxt1Q 13 Likes |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by Lifemanage: 9:38pm On Aug 20 |
IHS don't know what they are doing. 5 Likes |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by SpaceX: 11:16pm On Aug 20 |
All they have to do is to bring me in, I can prevent them from bankruptcy. |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by fuckingAyaya(m): 1:16am On Aug 21 |
Teaching obi a lesson 36 Likes 3 Shares |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by fuckingAyaya(m): 1:19am On Aug 21 |
Reno mockery what do you have to say concerning this? 40 Likes 4 Shares |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by Softmen: 12:12pm On Aug 21 |
Tifnubu had done more harm than good 27 Likes 1 Share |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by money121(m): 12:13pm On Aug 21 |
Ok |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by bigdammyj: 12:14pm On Aug 21 |
Noted. |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by CooldipoMPS: 12:14pm On Aug 21 |
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Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by Shinjawestern: 12:14pm On Aug 21 |
Give this country to a Christian and watch as this country progress... Anyway God bless the good people of Southsouth and Southwest 5 Likes |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by Creamypie(m): 12:14pm On Aug 21 |
And most of them voted for urine dispensing machine 20 Likes 4 Shares |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by iwaeda: 12:14pm On Aug 21 |
POLS: Tinubunation, anyways he built Lagos. You can't even go schooling again,#1600 to $1 or #2300 to £1 is not your mate. We warned, but they feel we hated him. ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() 24 Likes |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by RuggedBiafran: 12:15pm On Aug 21 |
Reno O'fuckery This is PETER OBIs fault.. ![]() 16 Likes |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by CommentOfDMatch(f): 12:15pm On Aug 21 |
Ah...For This Tinubu period... 4 Likes |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by advanceDNA: 12:15pm On Aug 21 |
fuckingAyaya: Reno be like....."This is a normal thing happening everywhere even the US" Nigeria's unemployment rate is still behind some African countries so its not bad at all....then the àss licker of the highest bidder will look for a way to relate it to Peter obi.. ![]() 30 Likes 2 Shares |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by Tajbol4splend(m): 12:15pm On Aug 21 |
Food is ready for omo Igbo, let the tears keep rolling |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by sacajawea: 12:16pm On Aug 21 |
30.4%, not 304% |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by anonimi: 12:17pm On Aug 21 |
gaby: Tinubu's ebilokan continuity of Buhari's cluelessness has proven to be worse than anyone could have imagined. APC is a disaster that we should not have allowed to happen to us. 13 Likes 3 Shares |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by chccho(m): 12:17pm On Aug 21 |
This isn't exactly bad news for those laid off cos they will get very handsome severance packages. According to the news most of those laid off are senior executives and senior executives will be well compensated. They can easily move on and start a new life 4 Likes 2 Shares |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by dayleke: 12:17pm On Aug 21 |
E don happen.... They are saying things are gonna turn around, and it's only 15 months out 48 months, why are y'all in a rush? |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by okoliobinna84(m): 12:18pm On Aug 21 |
Next, we will start hearing "buy your sweet Towers here" ![]() ![]() ![]() 5 Likes
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Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by ItisWell22(f): 12:18pm On Aug 21 |
This is not good at all. Losing one’s job in this present state of the country. God abeggg.. 😩😥🙏🤲 2 Likes 1 Share |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by ibechris(m): 12:18pm On Aug 21 |
Those who voted APC among them would be sad now. It is now clear that u can steal a dead man's certificate but u can't be the dead person in reality. First class accountant that has no ICAN...nothing to show that he is even educated. 10 Likes 2 Shares |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by slowice(m): 12:19pm On Aug 21 |
Ipob towers you mean. The master strategist and tamer of the Atlantic and Mediterranean Seas is incharge of our economy. He is currently taming our economy and we will laugh at last ![]() I hope Peter Obi and igbos have learnt the hard lesson Mumu people 7 Likes 1 Share |
Re: IHS Towers Sacks 100 Employees As Devaluation In Nigeria Erodes Profits. by DeLaRue: 12:22pm On Aug 21 |
I sympathise with anyone that loses his job in these difficult times. The reality is that every business goes through a circle. There are times you make profit. Occasionally, there can be a loss. That's business life. If a company like this one which has been making billions in Nigeria every year for several years suddenly makes a loss, it is not nice but it is also not the end of the world. Besides, Google, Facebook, Tesla etc have been laying off hundreds of thousands of employees in 'sane clime' USA. Are they also based in Nigeria. The global economy is going through a difficult circle. Virtually every country is affected one way or the other. 1 Like |
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