Multichoice has joined the bandwagon of South African companies that are cutting jobs to stay afloat in these difficult times.
Why are these South African companies retrenching staff?
The satellite network stated that, although billions of rand in returns were reported for the 2018/2019 financial year, consumer behaviour and data on their digital self-service shows that there is less of a need for that many call centre and walk-in centre agents on their roster.
This is yet another blow for South Africa’s economy, whose GDP retracted by more than 3% in the first half of the year.
While Multichoice’s decision was brought on by pressure from the impending take-over of the fourth industrial revolution, other companies have been forced into a corner with very little choice but to sacrifice a portion of its workforce to remain financially soluble.
What impact will this have on unemployment?
This development has not complemented
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