Andela has announced plans to lay off 10% of its workforce, translating to 135 employees across 4 locations, in the wake of the coronavirus that has grappled the economy.
In this round of layoffs, only Rwanda and Ghana were spared.
According to the company, all the affected staff will receive a comprehensive severance package in addition to health coverage for a period of 4 months.
Furthermore, as a measure of staying afloat during the pandemic, the company is also contemplating salary cuts across the board, and suspending future hires.
According to technology news site Techcrunch, the firm’s hat directors are taking salary cuts from 10% to 30%, depending on seniority. The company will also cut down on operational costs so as to save $25 million, which adds to the $5 million they will save from the layoffs.
In September 2019, the company announced the departure of 170 junior engineers and staff from its Kenyan hub, with an additional 250 affected from the Nigerian and Ugandan hubs. This followed a company restructuring of its talent pool to align with the global market demand for more senior engineering talent.
Andela launched operations in Nigeria in 2014, to help global companies overcome the severe shortage of skilled software developers, and has offices in Nigeria, Kenya, Rwanda, Uganda, Egypt, and the United States.
In 2017, they secured $40 million in series C funding to fuel its expansion in Africa. In January 2019, they secured another $100 million in Series D funding.