Big Cabal Media, the parent company of TechCabal, Zikoko, and Citizen, has laid off 19% of its workforce due to "harsh market conditions." The company plans to focus on its tech media publication, TechCabal, and its youth culture magazine, Zikoko, while scaling back its new publication, Citizen, which focuses on politics and governance in Nigeria. The layoff was a challenging decision in light of the difficult year, and the company expresses empathy for the affected employees. Despite a 180% increase in revenue in the first half of the year, the growth did not meet budgetary expectations, partly influenced by the Nigerian currency devaluation in June. The company intends to become more efficient and self-sustaining, with a focus on TechCabal and Zikoko for its future growth.
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