TransportationNG

Gokada Layoffs

January 2023

Gokada announced a layoff affecting 54 employees in January 2023. The company operates in the Transportation sector.

People Affected

Announced Date

Jan 31, 2023

About

Gokada, a Nigerian logistics and delivery startup, laid off at least 54 employees on January 31, 2023, as part of a cost-cutting measure to operate more efficiently amid a tough economic environment. The layoffs, which affected various operational teams but not the company's core of approximately 2,500 riders, followed earlier silent layoffs in November 2022. CEO Tosin Oni cited Nigeria's worsening economy and the need for greater efficiency. This restructuring occurred shortly after the company sought to raise $100,000 through crowdfunding, indicating financial struggles despite having raised significant venture capital in the past. The layoffs represent a significant reduction, though the exact percentage of the total workforce affected is not specified, with the company asking affected staff to submit resignations formally.