Layoffs and job security push Nigeria’s tech workers to traditional industries
- A failure to raise fresh funding led to layoffs in a Lagos-based edtech startup.
- Nigeria's tech workers are now pursuing careers in traditional industries for stability and structure.
- Tech layoffs have flooded the job market in Nigeria.
The reverse shift of tech workers to traditional industries in Nigeria is a significant trend that reflects the challenges faced by the tech industry in the country. While the tech industry has witnessed impressive growth, the global tech downturn and tough macroeconomic conditions have resulted in layoffs and reduced funding. This has created a constrained job market and increased competition for tech professionals. However, the shift also highlights the appeal of stability and structure offered by traditional industries. To retain talent, the tech industry should focus on developing comprehensive career development plans.
