Why Jumia is scrapping products and laying off staff

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.

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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

• African eCommerce giant, Jumia, to reduce staff and product offerings
• What the current B2B rave could mean for Africa’s struggling eCommerce sector
• Nonconsumption is your fiercest competition—and it’s winning

This episode was produced by Ogheneruemu Oneyibo and Gracious Sede

Email us your feedback at [email protected]. Visit www.techpoint.africa for more stories.

Music - Beach by MBB