Online mall, Konga.com is set to restructure and also downsize on its employees, as part of its focus on areas that offer the highest growth opportunities and alignment with the comany’s current strategic objectives.
The CEO of Konga, Shola Adekoya said the plan is "a prudent and necessary step for the long term success of the company".
“The restructuring which also entails workforce reduction is a prudent and necessary step for the long term success of the company. The reorganizing will also impact the business model as we continue to do retail but only focus on the products that customers really like with high throughput in the warehouse and that will leave other products to strategic merchants that will take over some of the products in a marketplace fashion. By this, Konga will optimize its warehouse and from September will allow merchants to begin to store items in the KONGA warehouse which guarantees quality and ensures quicker shipping times for customers”, he said.
In line with its business development strategy, Konga reviews staff strength every six months, retaining outstanding employees while laying off others.
The CEO of Konga, Shola Adekoya said the plan is "a prudent and necessary step for the long term success of the company".
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| CEO of Konga, Shola Adekoya |
“The restructuring which also entails workforce reduction is a prudent and necessary step for the long term success of the company. The reorganizing will also impact the business model as we continue to do retail but only focus on the products that customers really like with high throughput in the warehouse and that will leave other products to strategic merchants that will take over some of the products in a marketplace fashion. By this, Konga will optimize its warehouse and from September will allow merchants to begin to store items in the KONGA warehouse which guarantees quality and ensures quicker shipping times for customers”, he said.
In line with its business development strategy, Konga reviews staff strength every six months, retaining outstanding employees while laying off others.
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