Kenya’s Copia Mulls Shutdown Amid Plans to Lay Off Over 1,000 Staff
Copia Global, a Kenyan B2C e-commerce startup that has raised $123 million in venture funding across seven rounds, is considering laying off employees or shutting down, citing “uncertainties.”
The layoffs, which could affect over 1,000 employees, would be a drastic cost-cutting measure for a company that announced an extension of its Series C round in December 2023.
Photo courtesy of Pablo García Saldaña.
Source: TechCabal (link opens in a new window)
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