Nigeria’s economic condition is beginning to take its toll on growing businesses as Konga, one of the nation’s largest online mall, has laid off 80 employees, about 10 per cent of its 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.
In an official statement by the company on the development, it was revealed that the 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. Read more