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Truecaller slashes 70 jobs amid declining ad sales

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Sweden-based caller ID company Truecaller said it will cut 70 jobs, or roughly 15% of its workforce, in the second quarter, as the company posted its Q1 2026 results with a decline in revenue and profits. Truecaller blamed real-money gaming in India, changes in advertising partner algorithms, and conflict in the Middle East for the slide.

As TechCrunch reported last month, the company is already facing challenges from India’s telecom-led solutions, such as Calling Name Presentation (CNAP) identification service, and 5% year-on-year decline in downloads last year.

In its Q1 2026 results, Truecaller’s net sales dropped 27% to 362 million SEK ($39.34 million). In its biggest market, India, net sales dipped by 41% year-on-year. In addition, ad revenues declined by 44%.

“The year-on-year comparison looks especially weak given that Q1 and Q2 last year included a large contribution coming from the real money gaming sector in India in connection with the IPL season that takes place around this time. The situation in the Middle East also reduced our revenues from that region,” Truecaller CEO Rishit Jhunjhunwala said during the earnings call.

Last August, India banned real-money gaming apps such as Dream 11 and MPL that allowed users to use money to play fantasy sports. Industry bodies estimated that the real-money gaming industry was worth $23 billion in India. Because of this shutdown, platforms on which these real-money apps are advertised were deprived of that revenue.

Truecaller also said that the revenue decline in the ad business was also due to a programmatic partner, identified as Google by an analyst earlier this year, changing its algorithms.

There were only a few positives for the company this quarter. First, it crossed the mark of 500 million active users. Plus, its subscription revenue increased by 27%, representing 31% of net sales. The company has been adding features like AI Assistant and Family Protection to make its paid offerings more attractive.

Truecaller’s stock has dipped by over 26% this year and by over 79% in the last 12 months. However, after the Q1 results, it has seen some recovery.

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‘We won’t trust INEC with our votes in 2027 election’ – ADC

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The African Democratic Congress (ADC) has declared that it will not trust the Independent National Electoral Commission (INEC) with its votes in the 2027 general election.

The party insisted that it would take steps to protect every vote cast for its candidates.

The National Publicity Secretary of the party, Mallam Bolaji Abdullahi, made the declaration on Wednesday in Ilorin while speaking with journalists during a walk organised to sensitise residents of the Kwara State capital about the party’s activities and preparations ahead of the 2027 elections.

Abdullahi said the party had resolved not to rely solely on the electoral umpire, despite acknowledging that there are officials within the commission who are committed to doing the right thing.

He said that although there are still committed officials within INEC, elections should not be conducted based on trust alone.

“We know what INEC is capable of. We trusted the commission during the 2023 general election, but the outcome left us disappointed. We will not make the same mistake again by relying solely on trust,” he said.

According to him, the ADC is determined to defend its votes across the country, regardless of the circumstances surrounding the election.

He said the party was confident that President Bola Tinubu would lose the election because it was determined to protect its votes, regardless of whether the election was free and fair.

“We are not going to tell you, but that is what we are going to do if we must win this election,” he stated.

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Controversy Trails NYSC’s Plan To Replace Khaki With Local Fabric

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Controversy trails NYSC’s plan to replace khaki with local fabric

By Agnes Bature

Controversy has trailed the National Youth Service Corps’ plan to replace its iconic khaki uniform with local fabric, as corps members and stakeholders continue to debate the proposed change.

Some stakeholders who spoke with the News Agency of Nigeria (NAN) in Abuja, said the move would promote Nigeria’s rich cultural heritage and strengthen the local textile industry.

Others, however, argued that the traditional khaki uniform remained a symbol of unity, discipline, and the identity of the scheme.

Mr Yakubu Isaiah, a corps member, said that Nigerian fabric was distinct and could project the country’s culture globally.

“Wearing a local fabric as part of the NYSC uniform will showcase our culture to the world and make corps members stand out, instead of wearing another military-style uniform,” Isaiah said.

He added that large-scale production of the Nigeria local fabric for the scheme would create employment opportunities for local artisans, particularly women involved in textile production.

Another corps member, Miss Blessing Iwu, expressed reservations about the proposal, noting that the khaki uniform was durable and ensured uniformity.

“Khaki is strong and looks the same on everyone. Local fabric fades more easily, tears faster, and different production batches may have varying shades,” Iwu said.

She also expressed concern that quality local fabric could be more expensive if not subsidised by the government, forcing corps members to spend more on additional uniforms.

Miss Chidimma Chinedu, a resident of Beggar’s Yard, Abuja, supported the proposal, arguing that locally produced fabric would reduce dependence on imported materials.

Chinedu said that replacing khaki and some imported uniform materials with locally made fabric could help reduce import costs, conserve foreign exchange, and support local industries.

According to her, local fabric is also lighter and more breathable than khaki, making it more suitable for Nigeria’s hot climate, particularly during orientation camp.

Similarly, Mr Ayoola John, a corps member serving in an engineering firm in Abuja, said the adoption of local fabric would give the NYSC scheme a distinctive Nigerian identity.

John said that passing-out parades, community development service activities, and official photographs would better reflect Nigeria’s cultural heritage and foster greater national pride.

Miss Hamzat Osigwe, a graduate of Agricultural Science, University of Jos, however, cautioned that the success of the proposal would depend largely on its implementation.

“Some young people fear it may become another policy that is poorly implemented. If the local fabric supplied is of poor quality or distributed late, it will create unnecessary challenges during orientation camp,” Osigwe said.

She also argued that the khaki uniform symbolised discipline, unity, and national service, adding that replacing it with a cultural fabric could alter public perception of the scheme.

NAN reports that the proposal was first announced by the Minister of Youth Development, Mr Ayodele Olawande, who suggested replacing the traditional khaki uniform with locally produced fabrics.

NAN reports that the idea is to promote Nigeria’s textile industry, create jobs, and retain government spending within the country.

The announcement, however, sparked widespread reactions on social media, particularly on X, with many Nigerians expressing divergent views. (NAN) (www.nannews.ng)

BA/AIR/DE

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Edited by Abujah Racheal/Dorcas Jonah/

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