Why Jumia is scrapping products and laying off staff

Today on the Techpoint Africa Podcast, Emmanuel and Chimgozirim discuss recent the 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 - techpoint.africa/2022/11/21/t...
What the current B2B rave could mean for Africa’s struggling eCommerce sector - techpoint.africa/2021/12/07/b...
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This episode was produced by Ogheneruemu Oneyibo and Gracious Sede
Email us your feedback at [e-mail]. Visit www.techpoint.africa for more stories.
Music - Beach by MBB - • MBB - Beach
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[@kwamen1852]

First time I'm watching this channel: Love the host and guest. And especially how you keep the language around your tech subjects down to earth without bloating it up uneccessary!
We here in Ghana can learn a lot from you family in Nigeria!
One Love! 🙏🏿

[@skantycherub925]

Nice info

[@yurisonsteven4938]

Well noted

[@salifuannabel4238]

Good

[@ohenebakwasipaul2328]

Nice

[@DarthPhantom97]

Reporter 👍

[@victoriousinsight]

Nawa oo, most companies just the layoff staff like say de bin employed them to give them free money.

[@Bibirallie]

Jumia will be a failed company. It has been a hard journey trying to support this company, but now I need to sell my shares because soon Amazon will be in Africa.

[@kehindeadeniji6856]

AMEN x(1000)!!! times, am not praying for their success at all

[@Logan-Speaking-Facts]

@@kehindeadeniji6856why do you want Jumia to fail ?

[@IssifuAisha]

Bad comment so far the best international shipping app I have ever used so far

[@florinserbabh4560]

I hope this is the bottom

[@AggreyChristabel]

Good

[@apagnaabmusahdavid3761]

Good