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JMIA / Jumia laid off 20% of staff in Q4 2022 amid work to reduce losses by half this year

Jumia, as part of its streamlining efforts, reduced headcount by 60% in Dubai and “undertook overall headcount reductions that resulted in over 900 position terminations across its 11 markets, corresponding to a 20% headcount reduction.” This occurred in Q4 last year, according to the statement containing Jumia's FY2022 financials. Read More

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Jumia

Laid

Staff

2022

Amid

Work

Reduce

Losses

Half

This

Year

Stock

JMIA

Posted: Feb 16 2023, 11:02

Author Name: TechCrunch

JMIA News

By Seeking Alpha
August 29, 2023

Jumia: Cutting Costs Won't Be Enough

Jumia faces challenges due to high inflation and a restricted supply of goods, impacting consumer spending on its platform. Jumia is also pulling away

By The Motley Fool
August 15, 2023

Why Jumia Technologies Stock Tumbled by 17% Today

"The Amazon of Africa" reported its second-quarter results. These showed double-digit falls in key fundamentals.

By Invezz
August 15, 2023

Jumia revenue slumped in Q2 amid a currency crisis in Africa

Jumia (NASDAQ: JMIA) the biggest e-commerce company in Africa, published mixed results even as the company's headwinds continued. The company's quarte

By Accesswire
August 4, 2023

Jumia to Announce Second Quarter 2023 Results on August 15, 2023

LAGOS, NIGERIA / ACCESSWIRE / August 4, 2023 / Jumia Technologies AG (NYSE:JMIA), ("Jumia"), today announced that it will release its results for the

By Zacks Investment Research
June 8, 2023

Is Jumia Technologies (JMIA) Outperforming Other Retail-Wholesale Stocks This Year?

Here is how Jumia Technologies (JMIA) and MercadoLibre (MELI) have performed compared to their sector so far this year.

By Seeking Alpha
June 3, 2023

CEO Francis Dufay Pivoting Jumia Amidst Challenging Macroeconomic Conditions

Jumia Technologies is focusing on long-term growth strategies, including expanding into secondary cities in Africa and addressing pent-up demand for e

By InvestorPlace
April 18, 2023

7 Top Growth Stocks to Buy for the Next Decade

A the market returns it's time to look for the best growth stocks to buy. successful investing strategy partially requires an ability to predict the

By PYMNTS
March 22, 2023

Jumia Expands to West Africa With Retailer Leroy Merlin

Pan-African eCommerce firm Jumia has agreed to sell retailer Leroy Merlin's products in West Africa.

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