Konga, Nigeria’s largest online mall, has announced it will be laying off some of its employees as part of its business development strategy.
The strategy involves the review of staff strength every 6 months (as it has been doing for the last 2 years), and is necessary in its pursuit of long term success.
“The restructuring which also entails workforce reduction is a prudent and necessary step for the long term success of the company,” said Shola Adekoya, CEO of Konga.
The CEO went on to say that the restructuring will impact Konga’s business model as it will now focus on delivering products that customers love.
“The reorganizing will also impact the business model as we continue to do retail but only focus on the products that customers really like with high throughput in the warehouse and that will leave other products to strategic merchants that will take over some of the products in a marketplace fashion,” he said.
The restructuring will lead to the optimization of its warehouse, and beginning from September 2016, merchants will be allowed to store items there in order to guarantee quality and fasttrack shipping times to customers.
With this restructuring, Konga is increasing the tempo of its match towards becoming the engine of commerce and trade in not just Nigeria but Africa as a whole.
While the laying off of employees isn’t such a good thing, the company is confident the affected employees will go out there and do exploits.
Launched in 2012, Konga has been described as Nigeria’s largest online mall and for good reason – there are close to 30,000 merchants registered and selling on the platform with over 200,000 products listed.
The company has offices in Lagos, hubs in South Africa and China with warehouses and distribution centers all over Nigeria.