Vendease Adopts Performance-Based Pay
This is a news story, published by TechCrunch, that relates primarily to Vendease news.
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Business & Economics
YC-backed food supply startup Vendease restructures employees’ salaries | TechCrunch

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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