Why Jumia is scrapping products and laying off staff

Episode 148 November 24, 2022 00:17:40
Why Jumia is scrapping products and laying off staff
Techpoint Africa Podcast
Why Jumia is scrapping products and laying off staff

Nov 24 2022 | 00:17:40


Hosted By

Chimgozirim Nwokoma Oluwanifemi Kolawole Bolu Abiodun

Show Notes

This episode is also available on YouTube - https://youtu.be/M_7WVjRmTMw

Today on the Techpoint Africa Podcast, Emmanuel and Chimgozirim discuss the recent happenings at African eCommerce giant, Jumia. The company announced potential layoffs, and the suspension of several products to help it reach profitability.

Senior Reporter, Chimgozirim, shares insights into the moves made by the company to attain profitability, while suggesting viable solutions to their continued losses.

To advertise or promote your brand, visit this link or send an email to business@techpoint.africa

Explore the fintech in everything at The Fintech Summit 2022

00:00 - Intro
00:33 - Gist on Jumia
04:09 - Why is Jumia making losses?
06:53 - Is scrapping these products the way to go?
10:12 - Who's getting laid off?
11:07 - What next for Jumia?
12:11 - The evolution of eCommerce business models in Africa

Useful links

This episode was produced by Ogheneruemu Oneyibo and Gracious Sede

Email us your feedback at podcast@techpoint.africa. Visit www.techpoint.africa for more stories.

Music - Beach by MBB

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