Tala, the venture-backed digital lender with operations in Kenya, Mexico, the Philippines, and India, is cutting jobs across its global workforce, affecting fewer than 10% of its Kenya-based employees as the company centralises operations under a new organisational structure.
The company announced the job cuts in a Thursday statement, saying it is “streamlining our functions and centralising operations to align with our strategic roadmap.”
The latest cuts come about a year after Tala laid off 28 employees from its customer operations team, saying fewer loan defaults and a decline in customer support requests had left parts of the business overstaffed. At the time, the company said the redundancies affected about 3% of its workforce.
“Out of a total workforce of eighty-five (85), seven employees have been notified of the intention to declare redundancy of their positions. However, Tala has just started the consultation process, and we will work with those impacted to consider what measures can be put in place before any final decision is made,” the company told TechCabal on the latest job cuts.
Originally published by TechCabal.