Technology company Andela, has laid off 400 of its employees, which includes a total of 250 from Nigeria and Uganda.
This was announced this afternoon by Jeremy Johnson, the Co-founder and Chief Executive Officer of Andela.
Andela stated that the retrenchment was important so that the company’s talents can conform to global market demands.
The company said, “250 junior engineers and staff from Nigeria and Uganda hubs with another 170 potentially impacted in Kenya.”
According to Johnson, the affected employees will be provided with substantial financial support.
According to reports, Andela was partnering with CcHUB (Nigeria), iHub (Kenya), and Innovation Village (Uganda) to foster a connection among impacted developers with opportunities as over 60 companies are looking to hire top quality junior engineering talents.
Without no charges, the impacted developers for the next three months will utilize co-working spaces of the partner hubs.
Andela, however, disclosed that towards the end of 2020, it will be hiring an additional 700 experienced engineers.
Andela Nigeria Country Director, Omowale David-Ashiru, said, “We’re proud of what we have achieved at Andela in five short years; we know the impact we have made both in Nigeria and globally.
“However, we have reached an inflection point that has required a change in strategy, which is why we are announcing these changes to our talent strategy.
“Our immediate focus is on providing practical support to those employees who are impacted by the restructuring, and we will provide them with the resources they need to succeed in their next steps.”