RetailNG

Alerzo Layoffs

March 2023

Alerzo announced a layoff affecting 400 employees in March 2023. The company operates in the Retail sector.

People Affected

400

Announced Date

Mar 6, 2023

About

In March 2023, Nigerian retail-focused startup Alerzo laid off approximately 400 employees, as reported by multiple sources, though the company stated the figure affected 15% of its full-time staff (150-200 people) plus 150-200 part-time workers. This followed earlier layoffs of hundreds in August and September 2022. The company cited difficult macroeconomic conditions, post-election uncertainties, and a need to improve unit economics as reasons, also reducing its business footprint by closing 14 warehouses nationwide. Affected employees received termination emails in early March, with severance packages including one to two months' salary. The layoffs impacted various roles, including communications, reflecting broader restructuring beyond previous warehouse-focused cuts.