Recession? MTN lays off over 1000 contract staff, reduces salaries of some to N40k from N120k

MTN has reportedly laid off some of its contract staff, particularly those that work at the telecommunications call centers. According to inside sources, many of them were given their disengagement letters yesterday, September 28th. Some of them that worked in their branch in Apapa, Lagos state, had their salaries reduced from N120,000 to N40,000 a month and were asked to continue working at their Ibadan office if they were still interested in the job. Sad news!