One of Nigeria’s bigest online marketplaces, Konga is laying off a good portion of its workers as part of a business development strategy.
Below is an exception of its official press release on the matter:
The CEO of Konga, Shola Adekoya stated that “The restructuring which also entails workforce reduction is a prudent and necessary step for the long term success of the company. The reorganizing will also impact the business model as we continue to do retail but only focus on the products that customers really like with high throughput in the warehouse and that will leave other products to strategic merchants that will take over some of the products in a marketplace fashion. By this, Konga will optimize its warehouse and from September will allow merchants to begin to store items in the KONGA warehouse which guarantees quality and ensures quickershipping times for customers.”
This restructuring which is focused on reconfiguration and reallocating resources to focus on areas that offer the highest growth opportunities and alignment with Konga’s strategic objectives is absolutely necessary for Konga in becoming the engine of commerce and trade in Africa.
Surely, this isn’t good news for the affected workers.