SqwidNet down, but not out
It’s do-or-die for Internet of Things provider SqwidNet, which started retrenching staff this week as part of an effort to keep its network online.
CIVH Group CEO Raymond Ndlovu told MyBroadband that the retrenchments at SqwidNet were needed because the company saw low revenue growth over the past few years.
This was because of slower than anticipated uptake of Internet of Things (IoT) technology in South Africa, compounded by the economic impact of the coronavirus pandemic, subsequent lockdowns, and low economic growth in general.
It’s do-or-die for Internet of Things provider SqwidNet, which started retrenching staff this week as part of an effort to keep its network online.
CIVH Group CEO Raymond Ndlovu told MyBroadband that the retrenchments at SqwidNet were needed because the company saw low revenue growth over the past few years.
This was because of slower than anticipated uptake of Internet of Things (IoT) technology in South Africa, compounded by the economic impact of the coronavirus pandemic, subsequent lockdowns, and low economic growth in general.