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YC-backed food supply startup Vendease restructures employees’ salaries | TechCrunch

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80% Informative

Y Combinator-backed Nigerian food procurement startup Vendease has changed its employee pay structure and is seeking fresh capital.

This is after laying off 44% of its workforce — around 120 employees — last month , marking its second round of job cuts in five months .

The five-year-old startup said the restructuring was necessary to navigate to profitability.

The company confirmed the changes to employee pay insisting that it is now at a break even point.

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