Twiga Foods, a business-to-business marketplace platform that connects farmers directly with urban retailers, has announced the redundancy of approximately one-third of its permanent workforce, which amounts to 283 out of 850 employees.
The company attributes this decision to the challenging economic environment, marked by a decline in people’s purchasing power. Twiga Foods CEO Peter Njonjo, has denied speculation about the closure of the company’s operations in Uganda, affirming that the Ugandan arm remains operational and functional.
“There is no closure of operations. We continue to operate in Uganda and our farm is operational,” Twiga Foods CEO Peter Njonjo was quoted by Techcabal. “Twiga will offer severance packages in full compliance with applicable labour laws,” said Njonjo.
This isn’t the first instance of workforce adjustments for Twiga Foods. In 2022, the company had already let go of 211 employees, equivalent to 21% of its workforce, as part of a restructuring that involved the elimination of its in-house sales team. Additionally, Twiga Foods dismissed 130 independent sales agents due to subpar performance.
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