One of Nigeria’s leading online retail mall, Konga, has sacked 80 of its employees, representing about 10 per cent of its total workforce.
While promising a restructuring exercise which will result in an increase in its business optimization and organizational effectiveness, Konga said reasonable severance packages would be offered to the affected staff.
The e-commerce company in an official statement on Monday, said the restructuring exercise will enable Konga.com to run more efficiently as it positions itself for the future.
“With this restructuring and by taking advantage of new innovations and upcoming retail opportunities in the market space, we are optimistic that we are on the path to grow an even healthier and more sustainable business, whilst delivering best-in-class service to our customers”, Konga said.
“The decision to restructure and realign our company’s focus to be more agile in the prevailing local economic conditions is not one that was taken lightly.
“For the affected employees, Konga will be offering reasonable severance packages and will be willing to give them future opportunities for employment in the company where their competencies match”, it added.
Konga, founded in 2012 by Sim Shagaya, has its headquarters in Ikeja, Lagos State.