Jumia Kenya, an E-Commerce firm has sent home about six percent of its local employees. The firm also announced to retrench further employees by half before March next year 2020.
The retrenchment exercise comes just a few days after its parent company announced the closure of its operations in three countries.
The retrenchment exercise comes just a few days after its parent company announced the closure of its operations in three countries.
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| Jumia stores in Nairobi. PHOTO | BNC |
Berlin-based Jumia Technologies recently shut down operations in Cameroon, Tanzania, and Rwanda.
“After careful consideration, we have made the difficult decision to undergo some headcount reductions across our business verticals and geographies,” Jumia’s local office said in a statement.
“While decisions like these are always difficult, we need to put our focus and resources where they can bring the best value and help Jumia thrive. We are supporting all impacted employees during this period of transition.”
The Company has a total of 638 employees in Kenya. The retrenchment exercise will make the firm by march remain with at least 320 employees as the statement concluded.
" We are thinking of closing down the firm as losses continue to mount," a statement read.
The Company has a total of 638 employees in Kenya. The retrenchment exercise will make the firm by march remain with at least 320 employees as the statement concluded.
" We are thinking of closing down the firm as losses continue to mount," a statement read.
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