Alerzo, a leading Nigerian e-commerce platform connecting FMCG suppliers with retailers, has announced a second round of layoffs, impacting 15% of its full-time workforce. This decision comes as the company prioritizes profitability amidst challenging economic conditions.
Alerzo, which experienced rapid growth following its Series A funding, expanded aggressively across Nigeria and significantly increased its headcount. However, the current economic climate necessitates a more streamlined approach.
This is not the first time Alerzo has undergone workforce reductions. In September 2022, the company implemented performance-based layoffs, impacting 5% of its full-time employees.
Despite these challenges, Alerzo remains committed to its mission of digitizing the Nigerian retail sector. The company is confident that these restructuring efforts will improve its financial performance and enable sustainable long-term growth.
Alerzo is not alone in facing these challenges. Several other African startups, including mobility companies, fintechs, and e-commerce platforms, have also implemented layoffs in recent months as they navigate the current economic landscape.
