A Nestle spokesman told Reuters the job cuts would affect about 60 workers in the equatorial Africa region after the Financial Times reported that the company is pulling back because it overestimated growth in the middle classes. “We thought this would be the next Asia, but we have realized the middle class here in the region is extremely small and it is not really growing,” Cornel Krummenacher, chief executive for Nestle’s equatorial Africa region, told the newspaper.