Jumia Technologies AG says it plans to reduce staff by an initial 10% as it implements artificial intelligence across its operations. Chief Executive Officer Francis Dufay, speaking to Bloomberg from Abidjan, says the job cuts are part of the company’s broader effort to deploy AI “across departments,” including areas such as logistics, finance, and marketing. Bloomberg reports the workforce targeted is roughly 2,000 employees, implying about 200 roles are affected in the first round. The Next Web adds that the AI rollout is occurring across multiple functions and frames the restructuring effort alongside a push for profitability. According to TNW, Jumia’s stated goal is to become profitable by the end of the year. TNW also notes that the company’s headcount has already declined significantly since 2022, meaning the planned cuts come after an earlier downsizing period. Across the reports, Jumia does not present specific details on which roles or locations are impacted, but it links the changes directly to AI adoption and company performance targets.
Jumia to Cut 10% of Workforce as It Rolls Out AI
Jumia Technologies AG says it plans to reduce staff by an initial 10% as it implements artificial intelligence across its operations. Chief Executive Officer Francis Dufay, speaking to Bloomberg from...
- Jumia Technologies says it plans an initial 10% workforce reduction.
- The cuts affect a workforce of about 2,000 employees, implying roughly 200 roles.
- CEO Francis Dufay links the job cuts to the company’s rollout of artificial intelligence across departments.
- AI deployment includes functions such as logistics, finance, and marketing.
- Jumia targets profitability by the end of the year, according to the reports.
Jumia plans to cut 10% of its workforce as AI rolls out across jobs within the African e-commence giant. CEO Francis Dufay spoke to Bloomberg's Jennifer Zabasajja from Abidjan. (Source: Bloomberg)
3 months agoFrancis Dufay told Bloomberg TV the African e-commerce company is implementing AI across operations, logistics, finance, and marketing, and intends to be profitable by the end of the year. The 200 jobs disappearing now sit on top of a workforce that has already shrunk by more than half since 2022. Jumia Technologies is preparing to […] This story continues at The Next Web
3 months agoJumia Technologies AG is planning to cut an initial 10% of its workforce of about 2,000 people as the African e-commerce giant implements artificial intelligence across its departments, Chief Executive Officer Francis Dufay said.
3 months ago
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