Digital Barker
  • Home
  • Startups
    • News
    • Opportunities
    • Workspaces
  • Crypto College
  • Tech
    • Gadgets
    • Tips
    • Tech Support
  • Videos
  • Jobs
No Result
View All Result
Digital Barker
  • Home
  • Startups
    • News
    • Opportunities
    • Workspaces
  • Crypto College
  • Tech
    • Gadgets
    • Tips
    • Tech Support
  • Videos
  • Jobs
No Result
View All Result
Digital Barker
Find Tech Jobs Find Tech Jobs Find Tech Jobs

COVID-19: Andela lay off 135 employees

Shola by Shola
May 8, 2020
0

Andela, the engineering-as-a-service company, is one of the many businesses resorting to salary cuts and layoffs due to the coronavirus-induced recession. The company has laid off 135 of its staff across five countries, excluding Rwanda and Ghana. Andela expects to save about $5 million from the layoffs.

The company’s CEO, Jeremy Johnson, announced this in a company-wide video conference call attended by over 1,300 staff from Nigeria, Uganda, Kenya, Rwanda, Ghana, Egypt, and the United States. After the emergency meeting, an email was sent to all staff, where Johnson stated that shrinkage in the company’s customer base was the major reason for the lay offs. 

According to Johnson, “while our customer base has held up better than most, the majority have still been impacted by the economic downturn. Andela expects to see churn spike this year as well as a decline in new customers due to the economic uncertainty. Expectations for slow growth necessitate cost cutting measures to ensure that we make it to the other side.”

This is the third round of sacks in the company in the last 9 months. In September 2019, 420 staff comprising mainly of junior developers who joined the company through its fellowship program were dismissed. An unspecified number were also let go between January and February 2020.

In addition, Andela’s directors and above are taking salary cuts ranging from 10% to 30% depending on seniority.  To save about $25 million, the company will also cut down on operational costs from travel, compensations, software and others.

ShareTweetPin

More Stories

MTN Nigeria proposes merger of finance subsidiaries to enhance financial inclusion
News

MTN Nigeria proposes merger of finance subsidiaries to enhance financial inclusion

5 days ago
ALAT by Wema opens registration for Hackaholics 4.0 tagged ‘Re-imagine”
News

ALAT by Wema opens registration for Hackaholics 4.0 tagged ‘Re-imagine”

7 days ago
Flat6Labs launches $95m seed fund to back early-stage startups in Africa
News

Flat6Labs launches $95m seed fund to back early-stage startups in Africa

1 week ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Advertise
  • Privacy Policy
  • Contact
  • Jobs

© 2022 Digital Barker

No Result
View All Result
  • Home
  • Startups
    • News
    • Opportunities
    • Workspaces
  • Crypto College
  • Tech
    • Gadgets
    • Tips
    • Tech Support
  • Videos
  • Jobs

© 2022 Digital Barker

 
Required 'Candidate' login to applying this job. Click here to logout And try again
 

Login to your account

  • Forgot Password? | Sign Up

Reset Password

  • Already have an account? Login

Enter the username or e-mail you used in your profile. A password reset link will be sent to you by email.

Signup to your Account

Choose your Account Type
  • Candidate I want to discover awesome companies.
  • Employer I want to attract the best talent.
  • By clicking checkbox, you agree to our Terms and Conditions and Privacy Policy

    Already have an account? Login

Close
 

Answers

 

Account Activation

Before you can login, you must activate your account with the code sent to your email address. If you did not receive this email, please check your junk/spam folder. Click here to resend the activation email. If you entered an incorrect email address, you will need to re-register with the correct email address.