//Andela CEO confirms staff cuts as layoffs hit African tech

Andela CEO confirms staff cuts as layoffs hit African tech

Africa-focused tech talent accelerator Andela has let go of 135 employees, CEO Jeremy Johnson said.

Senior staff at the company — with offices in New York and four African countries — will also take salary cuts of 10% to 30%.

The compensation and staff reductions are a result of the economic impact of the COVID-19 crisis and bring Andela’s headcount down to 1,199 employees. None of Andela’s engineers were included in the layoffs.

Backed by $181 million in VC from investors that include the Chan Zuckerberg Initiative, the startup’s client-base is comprised of more than 200 global companies that pay for the African developers Andela selects to work on projects.

(AfricanBusinessCentral)