Nigerian meals procurement startup Vendease laid off 9% of its workforce, or 27 of its nearly 300 workers final week, in line with an organization assertion.
This comes after the meals procurement platform, which presents African meals companies entry to provides, monetary companies, and different assist, bagged $30M million in a Series A funding round led by Partech Africa and TLcom in September 2022.
The corporate, nonetheless, confirmed that the choice to regulate its headcount was made to handle performance-related points and was not associated to the present world financial downturn.
“To proceed this exceptional development and success, we needed to make the tough resolution to regulate our headcount. This was executed to handle efficiency points we had recognized throughout the group. Each worker that has been affected by this adjustment has been supplied a complete severance package deal that may adequately compensate them for any inconvenience brought on by the choice,” the assertion learn.
Vendease says it’s now within the strategy of recruiting workers to exchange the outgoing workers.
“We’re already within the strategy of actively recruiting appropriate replacements for most of the affected roles, and we’re wanting ahead to continued development and profitability for Vendease,” in line with the corporate.