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Layoffs at GIBC Digital

Only months after GIBC Digital officially launched in The Bahamas through the government’s Commercial Enterprises Act, it has had to lay off about half of its Grand Bahama staff, Guardian Business understands.

Sources on Grand Bahama with knowledge of the company explained that the company’s expectation for business opportunities have not come to fruition, and this has forced the company to reduce its staff.

In July last year GIBC became one of the first companies to benefit from the Commercial Enterprises Act, and right out of the gate began to hire and train 25 Bahamians with the commitment to train and hire another 25 in specialized services, including automation, data intelligence, customer experience, regulation and compliance. The company officially launched its Nassau office in October, giving the government kudos for its vision to develop the technology sector of the country through the Commercial Enterprises Act. GIBC Managing Director Mark Godson said then that the digital transformation of The Bahamas is underway.

“This is an important day because we’re not just here to launch our services in Nassau,” he said.

“We’re here to take the next step in the evolution of The Bahamas.

“This is a process that started last year with the election of Prime Minister Minnis and thanks to the vision of people like Deputy Prime Minister Turnquest and Mr. [Kwasi] Thompson, and many others involved in the digital transformation of The Bahamas.”

GIBC helps its clients re-engineer their data resources in order to help them stay competitive and optimize their data security.

Chester Robards

Senior Business Reporter at The Nassau Guardian
Chester Robards rejoined The Nassau Guardian in November 2017 as a senior business reporter. He has covered myriad topics and events for The Nassau Guardian.
Education: Florida International University, BS in Journalism
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