Coming after its 2012 launch in Nigeria, an online marketplace, OLX, has reportedly shut down its Nigerian office and as thus laid off all its staff members.
Employees of the popular classified ads website, OLX, were reportedly notified of the job termination with the company as it folds up its Nigerian branch.
With the shutdown affecting over 100 employees with the company, the decision was reportedly reached on Tuesday and the latest development communicated to the employees.
The termination is expected to commence in March while the management team will be laid off by April, 2018.
The Public Relations and Communications Lead, OLX Nigeria, Uche Nwagboso, in an email response stated that the decision was reached in a bid to consolidate its business operations in Nigeria.
The company further revealed that it had made financial compensation packages available for the workers that will be affected.
The reply stated: “We made a difficult but important decision in Nigeria to consolidate our operations between some of our offices internationally. Our marketplace will continue to operate here – uninterrupted – as it has since 2010, and we remain committed to the many people here who use our platform to buy and sell every month.”
Nwagboso added: “We continue to be focused on constantly innovating to make sure that OLX remains the top classified platform in the country. Of course, we are committed to helping our affected colleagues during this transition and have already offered them meaningful financial and other support.
“As we’ve expressed to them directly, we are extremely grateful for their many significant contributions to OLX’s success.”