Copia Layoffs
Industry Retail · Location Nairobi · Kenya · Subscribe (RSS)
Copia has 2 publicly reported layoff rounds on record between July 26, 2023 and June 6, 2024. A total of about 1,410 employees were affected across these rounds.
Layoff history
Financial strain caught up with Copia Global in June 2024, when administrators overseeing the Nairobi-based rural e-commerce company cut at least 1,060 employees. The layoffs followed months of payroll struggles that began in 2022, and an internal memo from May 16 had already warned staff that the business faced either shutdown or a deep restructuring. Copia had previously exited Uganda and shed 700 workers in 2022, and in the weeks before the June cuts it had pulled back service from six Kenyan regions including Embu and Eldoret. Under Kenyan labor law, workers were owed one month's salary plus accrued unpaid leave, though employees expressed concern about payment timelines given that May salaries had already been delayed. CEO Tim Steel declined to comment at the time but promised an update the following day.
Reason: financial distress and company restructuring under administration
Source: techcabal.com
Copia disclosed a workforce reduction affecting its Nairobi operations in July 26, 2023. Approximately 350 roles were eliminated.
Source: techcabal.com
Data for Copia is compiled from public WARN Act filings and reporting linked above. See our methodology.