Jumia Implements Workforce Reduction Following Jumia Food Exit

Jumia Implements Workforce Reduction Following Jumia Food Exit

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#finance
#e-commerce
#finance
#food
#employment
#Food
Amid strategic changes and its recent exit from the food delivery business, Jumia, Africa's leading e-commerce platform, undertakes employee layoffs in Kenya and other markets. The move aims to optimize capital and pursue cost efficiencies as the company continues its path to profitability.

Jumia, a prominent African e-commerce platform, initiated employee layoffs in Kenya and undisclosed markets in January 2024, a month after discontinuing its food delivery service. The exact number of affected employees remains undisclosed. This move aligns with Jumia's ongoing efforts to streamline operations and enhance cost efficiencies. Under the leadership of CEO Francis Dufay, the company's Q4 2023 report showcased reduced operational losses and advertising expenses. Despite challenges such as inflation and currency devaluation, Jumia remains focused on its path to profitability, emphasizing cost discipline and positive signals in other markets.


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