- Jumia has reduced headcount among managerial roles by 60% in Dubai.
- Jumia has terminated over 900 positions across its 11 markets, impacting 20% of its staff.
- This occurred in Q4 of 2022 according to Jumia’s FY2022 financials.
- This follows Jumia Supervisory Board’s note to reduce losses by half this year.
Jumia cuts staff by 20% in Q4 2022 in effort to reduce losses by half this year
[Via]
