Cellulant is parting ways with 20% of its headcount as it focuses on becoming a product-driven company.
Cellulant is undergoing a restructuring exercise that will impact a fifth of its workforce.
Cellulant, which operates across 19 markets, disclosed that these changes will be implemented in the coming days as the company focuses on a product-led approach that ideally creates user-centric products for growth.
The company has clarified that this strategic shift has been in development for some time and has come to mutual agreements with affected employees. Cellulant has declined to disclose the exact number of employees leaving the company.
The affected workers will be served with exit packages, alongside extended medical cover for themselves and their families.