The Vodacom-owned company that retrenched 44% of its employees
Vodacom confirmed that IoT.nxt had three rounds of Section 189 retrenchments in four years, but a well-placed source said that did not tell the full story.
-
-
Vodacom-owned IoT.nxt’s CEO has resigned
IoT.nxt’s chief executive officer has left the company. It now has an acting CEO, acting CFO, and acting CTO — and the acting CTO has also quit.
-
Vodacom-owned company sued in the United States for fraud and breach of contract
A Vodacom-owned company’s U.S. subsidiary is being sued in the Eastern District of Texas for allegedly failing to honour the compensation agreements of two executives headhunted by the company.