Jobs at risk as Microsoft shut down Lagos centre

Date:

May 8, 2024.

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Azonuchechi Chukwu.

United States-based multinational technology giant, Microsoft, has considered closing one of the operations in Nigeria, known as African Development Centre located in Lagos.

Microsoft’s ADC is located in Ikoyi, highbrow area of Lagos, the commercial headquarters of Nigeria, Africa’s biggest economy.

Without giving any reason, Microsoft, it was learnt that, revealed to its members of staff on Monday about shutting down operations in its African Development Centre in Lagos.

It was learnt that the affected employees would receive salary payments till June and continue to be covered by health insurance, an insider told The Guardian Newspaper.

While the exact reasons behind the decision remain ambiguous, sources suggest Nigeria’s worsening economic conditions may have adversely impacted a role in arriving at the decision.

According to the report, the closure appears to affect only the ADC’s West Africa operations in Nigeria, but not its East Africa facility in Nairobi, Kenya.

An unnamed source within Microsoft’s Lagos office neither confirmed nor refuted the closure when approached by the newspaper.

Microsoft launched its $100 million African Development Centers initiative in 2019, establishing facilities in both Lagos and Nairobi.

Nigeria’s Microsoft ADC hired more than 120 engineers when it was unveiled in 2022, growing to more than 200 staff members in total.(www.naija247news.com).


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Azonuchechi Chukwu
Azonuchechi Chukwuhttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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