Twiga will conduct another round of layoffs to keep its business afloat amid macroeconomic headwinds that have made capital harder to raise, and forced venture-backed companies to scale down their operations. The Kenyan B2B e-commerce platform said it is laying off 283 employees, representing a third or 33% of its 850 workforce as it pushes for a “lean, agile and cost-effective organization.”
Twiga said it is making new “strategic operating adjustments” including doing away with in-house delivery, which was supported by leased trucks, and in its place hire contractors on a per-use basis.
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