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Retrenchments at big South African payments company

BusinessTech
Peach Payments is retrenching senior engineers, DevOps, and software engineers to realign the business for profitability by 2025. Co-founder Rahul Jain confirmed the Section 189 consultations, aiming to maintain service levels while becoming a sustainable business. Founded in 2012 in Cape Town. The retrenchment process began in the week of 7 April 2025.
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