GIBC office closed?

NO ACTIVITY – GIBC Digital office appeared desolate Tuesday (May 14), when a team from this daily visited the Bahama Terrace office site. (PHOTO: TFN)


Amidst circulating reports of GIBC Digital closing its office in Grand Bahama, a team from this daily visited the site at Bahama Terrace yesterday – Tuesday, May 14 – and found the office desolate.

This daily reached out to executives of the company for comment and late Tuesday evening received an emailed statement.

“GIBC Digital reiterated its commitment to Grand Bahama and the transformation the island is undergoing, today. Developing business in The Bahamas continues to be a challenge, and we have had to make adjustments, as businesses do,” according to Greg Wood, GIBC’s CEO.

Wood added, “we overestimated demand for the transformative work we do, and unfortunately, we’ve had to reduce staff to align with current demand, but the suggestion that we are leaving is simply not true.”

This daily also reached out the Sen. J. Kwasi Thompson, Minister of State for Grand Bahama in the Office of the Prime Minister; however, to press time there was no response.

Meanwhile, in February of this year, GIBC which officially opened its doors in Grand Bahama back in June 2018, released half of its staff.

In a statement, at that time, company executives were taken by surprise by the reports.

While not confirming the lay-offs had taken place, Wood said, “Business has been slower than expected and we have had to make adjustments.”

He further explained that the company had to part ways with senior workers whose values didn’t align with that of the company’s.

“We have replaced them with an all-Bahamian leadership team and are now on track to meet out targets for 2019,” Wood noted.

GIBC came into the country under the Commercial Enterprises Act and quickly hired and trained 25 Bahamians, with the commitment to train and hire another 25 in specialized services, including automation, data intelligence, customer experience, regulation and compliance.

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