CBZ Holdings Limited has laid off 347 workers out of a total staff of 1,448 following a restructuring exercise.
In a statement issued on Saturday, February 1, Group CEO Lawrence Nyazema said the restructuring was aimed at aligning the company’s strategic direction with the evolving business landscape.
Nyazema assured that the company is committed to supporting the affected employees during this transition and providing the necessary resources to assist them in their next steps. Reads the statement:
<blockquote>
In October 2024, we undertook a restructuring exercise across our Group of Companies to better align our strategic direction with the evolving business landscape.
This initiative has been a key component of our broader efforts to enhance operational efficiency, strengthen our market position and ensure long-term sustainability.
By adapting to the changing environment, we aim to position the organization for continued growth and success in a competitive market.
We would like to confirm that we have now concluded the restructuring exercise as of 31 January 2025. As part of the process, a total of 347 staff roles were impacted in the second phase of the restructuring out of a total staff complement of 1448.
We are deeply grateful for the contributions of all affected employees, and we are committed to supporting them during this transition and providing the necessary resources to assist in their next steps.
As CBZ Holdings, we remain fully committed to strengthening the organization for the future while continuing to serve our stakeholders with excellence.
</blockquote>

Pindula News

CBZ Holdings, a company, recently let go of 347 workers out of their total staff of 1,448 to make changes that will help them succeed. The CEO, Lawrence Nyazema, said this was to make sure the company can do well in a changing world. The company is giving support to the workers who were affected and helping them find new jobs. They are trying to make the company better and keep doing a good job for their customers.

CBZ Holdings Latest News

Latest Jobs