Andela CEO confirms staff cuts as layoffs hit African tech

Africa-focused tech talent accelerator Andela has let go 135 employees, CEO Jeremy Johnson confirmed to TechCrunch. 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…

Andela CEO confirms staff cuts as layoffs hit African tech

Africa-focused tech talent accelerator Andela has let go 135 employees, CEO Jeremy Johnson confirmed to TechCrunch.
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.
There’s been a drop in the demand for Andela’s services, according to its CEO.
“The vast majority of our customers have stayed w
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