Cellulant, a pan-African payments company, is undergoing a restructuring effort that will result in the layoff of around 20% of its workforce. The company aims to transition to a product-led approach, focusing on user-centric products for growth. Although the exact number of employees affected remains undisclosed, Cellulant currently has 634 employees according to LinkedIn. The restructuring is a strategic shift that has been in the works and impacted employees will receive exit packages and extended medical coverage for themselves and their families. Cellulant plans to consolidate some roles, create new ones, and optimize operations. This marks the company's second round of layoffs following a previous reduction earlier in the year. The restructuring is part of Cellulant's effort to evolve and enhance its services to meet changing customer needs across the 19 African countries it operates in.
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