Jumia

A pan-African e-commerce business called Jumia claims it fired over 900 employees to cut costs. The company stated in its most recent fourth quarter (Q4) financial report that the layoffs represent 20% of its overall personnel. Jumia said it experienced an operating loss of 41 percent year-over-year, reaching $49.8 million in Q4 of 2022; forcing the company to suspend its “logistics-as-a-service offering in a number of geographies”. The e-commerce firm also discontinued its food delivery…