NewStats: 3,265,243 , 8,186,113 topics. Date: Saturday, 14 June 2025 at 04:08 AM 631p6m

Nigerian ecommerce marketplace, Konga.com is laying off ten percent of its 800-strong workforce in what it is calling a restructuring exercise.

According to sources familiar with the situation, the layoffs will run across the whole organization. The company expects to reap operational efficiency and business effectiveness gains from the move.

In an emailed statement to TechCabal, a Konga representative said:

“With this restructuring and by taking advantage of new innovations and 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. 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”.

The company says it is offering severance packages to the 80 workers affected by the restructure, and will assist with connecting them to other opportunities that match their competences.

Since 2014, Konga has been steadily reinventing itself as a marketplace rather than the e-tailer it began life as in 2012. Which means that it is taking in less inventory and making use of less warehousing infrastructure while turning its attention to working more with merchants. It stands to reason that the ecommerce startup might require less in-house capacity than it currently has to efficiently run its operations.

Macro-economic and market dynamics are also at play as well. Rival ecommerce startup, Jumia, as well as Iroko, and DealDey, effected job cuts in late 2015, a move that we believe is a matter of them pragmatically correcting themselves before the markets correct them.

According to Crunchbase data, Konga has raised an aggregate of $74 million, but internally we believe the true number to be north of $100 million. Revenues grew 450 percent from 2013 to 2014. During its 2015 Yakata Sales, Konga’s CEO Sim Shagaya took to Twitter to announce that Konga processed about N110 million worth of orders in the first four hours.

http://techcabal.com/2016/01/15/konga-com-is-laying-off-10-percent-of-its-workforce-in-a-restructuring-exercise/

Its well.

Courtesy of Buhari led directionless economy & clueless finance minister!

During its 2015 Yakata Sales, Konga’s CEO Sim Shagaya took to Twitter to announce that Konga processed about N110 million worth of orders in the first four hours.

Source: Techcabal

How much was realized?

were is 9ja heading to...alot of persons are looking for jobs,economy is crumbling,bokoharam is bombing, IPOB's are agitating,niger delta militants are warming up as if these is not enough konga is adding more salt to injury.... ....

naxo konga dey do o.. I don wrk with dem b4.. Naxo dem say person mismatch iphone6s for infinix.. Dem kan use dat wan send us comot 4 konga warehouse.. God will give evry1 on nairaland a betterlife..

oh why

KONGA and JUMIA are prime example of a company that embark on panic advertising.

They vote in millions of money daily into adverts believing that they may not sell without massive adverts.

Meanwhile the customer service is next to crap.

Hence they have fewer resales and referrals to their client base.

This is exaclty what is happening to the business now.

sai baba settings

The SCAMMERS who promised us change have killed us all, literally nairaland.macsoftware.info/attachments/2236329_fbimg1426964019374_jpegf0426a8233bbbeb8b2d08838e693f36e



[img]http://i.onthe.io/vllkytaHR0cDovL2Nkbi0wMS5uYWlqLmNvbS9vL3dObkJ2Mmc1cFl6QjJkblFua0UycVZJTy5qcGc=.prx.r800x600.3eeade4c.jpg[/img]

hard times ahead

Not funny o

and jumia own staff are selling malata m5 at nearly 500k.I think they should be laid off too.

Blame PMB

Bleep that shiiit

Ehhhh
Make them pay their entitlement na.
Na wetin E-trading dey cause be that.
Technology dey make peolpe loose job

Konqa that markets substandard gadgets, I bouqht a 30000mAh powerbank and it's functionality is absolutely different from its description

before konga there was job and if they leave konga, they will still work. konga my foot

Konga, that song keeps ringing in my head.










ThefakeStan

Oya o come and blame GEJ

Lol

Courtesy of the dullard's voodoo economic policies

The moment they started charging delivery fee for each item bought, even though ordered at the same time. That was when they started going down.
I told one of their customer service agent precisely that.


Online shops are supposed to be cheaper than your regular market. People are complaining of exorbitant prices on regular market, and Here you are increasing it online...what a joke.

Layoffs have been the norm for private companies since mid last year.

Kk

apparently it is rocket science..... pdp was a hit back to back from obj to yaradua to GEJ..... sheeesh ...sombori complete the rest.....awon APC want to kill us.....if in corruption we ate and had hope of a more innovative tomorrow and the change agent can't even give the basics ,then what is the use of a corrupt-less government

anonimi:
The SCAMMERS who promised us change have killed us all, literally nairaland.macsoftware.info/attachments/2236329_fbimg1426964019374_jpegf0426a8233bbbeb8b2d08838e693f36e



[img]http://i.onthe.io/vllkytaHR0cDovL2Nkbi0wMS5uYWlqLmNvbS9vL3dObkJ2Mmc1cFl6QjJkblFua0UycVZJTy5qcGc=.prx.r800x600.3eeade4c.jpg[/img]

a

Black friday yaf run dem dwn...YAKATAAAAAAA