• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Tech News

Jumia moves to cut operating costs, hints at ‘leaner’ workforce

The company will also start focusing more on its payment solution, JumiaPay

Samson Akintaro by Samson Akintaro
November 21, 2022
in Tech News
Jumia moves to cut operating costs, hints at ‘leaner’ workforce

CEO of Jumia, Francis-Dufay

Share on FacebookShare on TwitterShare on Linkedin

Africa’s e-commerce group, Jumia, has announced drastic measures to significantly reduce its operating costs across its units.

As part of these measures, the company said it will reduce its staff costs by creating a “leaner” team. The company disclosed these in its Q3, 2022 financial results.

The company is also aiming to reduce its losses and move towards profitability through strategies that include discontinuing its First Party grocery offerings in geographies where it remains sub-scale, and reviewing its free shipping programme.

RelatedStories

Jumia cuts operating loss by 64% amid revenue decline 

Jumia ramps up strategy to counter Chinese rivals Temu, Shein amid investor pressure 

June 15, 2025
Jumia

Baillie Gifford exits Jumia, closing a major chapter in African e-commerce investment

June 11, 2025

Jumia, which managed to reduce its operating loss by 33% from $64 million to $43.2 million, said it is now getting closer to profitability as the loss was its lowest in 6 quarters.

Cost-cutting measures: Highlighting its strategies to cut costs, the company said:

  • “We intend to reduce staff costs by streamlining our management structure with a view to creating a leaner and more agile organization and locating senior leadership and decision centers closer to our consumers and sellers in Africa.
  • “To support unit economics, we are increasing the minimum basket size threshold for free delivery and further restricting its geographical scope to focus on primary cities.”

The company said it is also suspending its logistics services to non-e-commerce clients in countries where it believes management efforts would be best invested in improving the logistics efficiency for the core e-commerce business.

Jumia, however, noted that it would continue developing this activity in a number of other countries such as Nigeria, Morocco, and Ivory Coast where logistics infrastructure is ready to support third-party volume and where proof of concept for this service has already been established.

Accentuating these strategies in his comments on the result, Acting CEO of Jumia, Francis Dufay, said:

  • “We have a clear focus for the next chapter of our journey and are taking decisive action to support our path to profitability. We will bring more focus to the business, directing our efforts and resources to projects and activities that deliver tangible value to our consumers, sellers, and broader ecosystem participants. We are also enforcing tighter cost discipline and driving efficiencies across the full structure while enhancing the fundamentals of our core e-commerce business to drive usage growth.”

Focusing on JumiaPay: While cutting other areas of its business deemed unprofitable, Jumia said it would now focus more on its fintech business, JumiaPay. Specifically, the company said it will be expanding this business in Nigeria and Egypt, where it had previously obtained a paid license.

  •  “JumiaPay remains a core priority for us, and we will work on making it an even more effective enabler of our eCommerce business, focusing on a more targeted number of critical products and ventures. We will retain a disciplined approach to driving on-platform payment penetration, with disciplined marketing and consumer incentives spend,” the company stated.

Follow us for Breaking News and Market Intelligence.
Tags: JumiaJumiaPay
Samson Akintaro

Samson Akintaro

Samson Akintaro is a tech enthusiast and has over a decade experience covering and writing about the tech industry. He is currently the Tech Analyst at Nairametrics.

Related Posts

Jumia cuts operating loss by 64% amid revenue decline 
Business News

Jumia ramps up strategy to counter Chinese rivals Temu, Shein amid investor pressure 

June 15, 2025
Jumia
Sectors

Baillie Gifford exits Jumia, closing a major chapter in African e-commerce investment

June 11, 2025
Food delivery riders earning as much as N25,000 daily while fueling Lagos’ dining culture 
Business News

Food delivery riders earning as much as N25,000 daily while fueling Lagos’ dining culture 

March 26, 2025
Jumia
Company Results

Jumia cuts operating loss by 10% in 2024 amid revenue decline 

February 20, 2025
Metrics

Top 10 fintech apps in Nigeria by user ratings as of January 2025 

January 22, 2025
Jumia cuts operating loss by 64% amid revenue decline 
Companies

Jumia exits South Africa and Tunisia to focus on Nigeria, other markets 

October 16, 2024
Next Post
Naira depreciates to N742/$1 on the black market

Money supply in Nigeria crosses N50 trillion in October 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Sterling Bank to raise $400 million via debt and equity instruments to strengthen growth capacity and balance sheet 
  • South-West doctors threaten strike over unfavorable allowances, issue 21-day ultimatum to FG
  • 15 things you don’t need to start a business in Nigeria 

Follow us on social media:

Recent News

Sterling Bank concludes core application migration, leads the way for African Banking

Sterling Bank to raise $400 million via debt and equity instruments to strengthen growth capacity and balance sheet 

July 15, 2025
Doctors

South-West doctors threaten strike over unfavorable allowances, issue 21-day ultimatum to FG

July 15, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics