Africa-focused Andela cuts 400 staff as it confirms $50M in revenue

Africa-focused tech talent accelerator Andela will cut 400 junior engineers across Kenya, Uganda and Nigeria, CEO Jeremy Johnson told TechCrunch. The layoffs come as the startup released first-time earnings figures indicating it will surpass $50 million in annual revenues for 2019. Yes, the news seems a bit disjointed. Not everything moves in the same direction in the business of startups.
Read more: https://techcrunch.com/2019/09/17/africa-focused-andela-cuts-400-staff-as-it-confirms-50m-in-revenue/?source=Snapzu