Twiga Layoffs
August 2023
Twiga announced a layoff affecting 283 employees (33% of its workforce) in August 2023. The company operates in the Food sector.
283
33%
Aug 20, 2023
About
Twiga Foods, an e-commerce food distribution startup in Africa, laid off approximately 283 employees, representing about one-third of its 850 permanent workforce, in August 2023. The company cited a tough business environment and declining purchasing power as reasons for operational restructuring aimed at becoming a leaner and more cost-efficient organization. Despite the layoffs, Twiga denied rumors of shutting down its Ugandan operations and confirmed the continuation of its Twiga Fresh farming vertical. The affected employees across all markets are to receive severance packages in compliance with labor laws.
Source
View Sourcetechcabal.comMore Food Layoffs
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