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

Emmanuel Paul Oluwanifemi Kolawole Chimgozirim Nwokoma

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

Timestamps
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

Other Episodes

Episode

October 25, 2019 00:14:42
Episode Cover

When should founders step down as CEOs of their startups?

Today on the Techpoint Africa Podcast: Formerly BitPesa, African currency trading solution startup AZA, raises $15m funding. https://techpoint.africa/2019/10/22/formerly-bitpesa-aza-raises-15-million-dollars/ When should founders step down as...

Listen

Episode

December 20, 2019 00:13:22
Episode Cover

We wish you a cashless Christmas

Read all the articles referenced on today's episode here. https://techpoint.africa/topics/techpoint-africa-podcast-18/ We wish you a cashless Christmas. https://techpoint.africa/2018/12/21/cashless-christmas/ Email us your feedback at podcast@techpoint.africa Listen...

Listen

Episode 104

July 05, 2022 00:36:52
Episode Cover

What's Flutterwave up to?

Internet shutdowns on the African continent have come to be a norm. So much so that in 2020, Sub-Saharan Africa lost $237.4 million to...

Listen