Published: 02 Jan 2024 429 views
Savvy was founded to help at least 100,000 young and unemployed professionals from around the world to transition into entrepreneurship by equipping them with the relevant knowledge, skills, tools, resources, support network, and community to build sustainable and innovative impact-driven businesses, as a way to reduce global unemployment that has been broadened by the COVID-19 pandemic.
Since 2020, in the midst of the lockdown, many lost their jobs and moved from being gainfully employed to being unready job seekers living with uncertainty. According to the International Labour Organization, 225 million jobs were lost worldwide in 2020 alone due to the pandemic. Long-term unemployment can have serious negative consequences for the individual, society, and its economic system.