Zap Africa, a Nigerian cryptocurrency startup, cut 44% of its workforce in February 2026, cutting staff across its design, operations, marketing, and support teams as the company pivots to a leaner, automation-driven model. The Lagos-based company, founded in 2023, said the layoffs were part of a broader restructuring aimed at aligning operating costs with revenue-generating activities. The job cuts began in December 2025, with at least five roles eliminated before the latest layoffs in February, which affected eight roles, according to former employees. The startup says it does not plan further layoffs. “Zap Africa implemented a limited restructuring affecting a few roles. This was not a company-wide layoff,” co-founder and Chief Technology Officer (CTO), Moore Dagogo Hart, told TechCa...