Jumia trims workforce to 2,000 as it accelerates AI-driven operations
- Jumia's workforce decreased by 7% to 2,010 employees as of September 30, 2025, due to layoffs aimed at AI integration.
- The company reported a revenue increase from $36.4 million in Q3 2024 to $45.6 million in Q3 2025.
- Jumia aims to achieve breakeven in Q4 2026 and full-year profitability in 2027.
Jumia's strategic focus on AI and cost-cutting measures seems to be paying off, as evidenced by the revenue growth and stock price recovery. However, the company must remain vigilant in maintaining employee morale and ensuring that the layoffs do not hinder its operational capabilities. The broader trend of layoffs in the tech sector raises questions about the sustainability of such strategies in the long term.
