Jumia Kenya fires six percent of its employees

Cortedivoire

Cortedivoire

Elder Lister
Staff member
Jumia Technologies recently shut down operations in Cameroon, Tanzania and Rwanda.
Its parent company made a net loss of €163.4 million (Sh18.3 billion) in the nine months ended September,

Jumia sends home staff as losses rise

Jumia Kenya has sent home about six percent of its local employees, coming days after its parent company announced the closure of its operations in three countries.
www.businessdailyafrica.com www.businessdailyafrica.com
 
Cortedivoire said:
Jumia Technologies recently shut down operations in Cameroon, Tanzania and Rwanda.
Its parent company made a net loss of €163.4 million (Sh18.3 billion) in the nine months ended September,

Jumia sends home staff as losses rise

Jumia Kenya has sent home about six percent of its local employees, coming days after its parent company announced the closure of its operations in three countries.
www.businessdailyafrica.com www.businessdailyafrica.com
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Amazon, Ali Baba and Made in China.com cannot be beaten.
 
Most of these startups including those that are seemingly successful like Uber hardly ever return a profit despite raking in massive revenues. Something does not add up. How come they have such huge operational expenses despite chucking brick and mortar for automated services
 
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