Copia Layoffs

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Kenyan e-commerce startup Copia Global laid off 1,060 employees on June 6, 2024, following its entry into administration. The company, which operates in the e-commerce industry and once boasted a network of 50,000 agents, is undergoing severe financial restructuring. This move comes after the company struggled to meet payroll and scaled back operations, including exiting Uganda and laying off 700 employees in 2022. The layoffs were announced in a staff meeting, with employees asked to return company property and sign termination letters. While Copia has committed to providing a one-month salary and benefits per Kenyan law, the payment timeline remains unclear, causing significant concern among affected staff.

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