A Nigerian B2B e-commerce startup that faced layoffs due to over-hiring and macroeconomic challenges.
Inside Africa’s tech layoffs: What the data says (2023–2026)
Africa's tech ecosystem raised a record $4.65 billion in 2022, but funding fell by 37.2% to $2.92 billion in 2023. Alerzo, a Nigerian B2B e-commerce startup, laid off over 400 staff in March 2023 due to over-hiring and macroeconomic conditions.
Alerzo cuts its headcount in another round of layoffs
Alerzo, a Nigerian B2B eCommerce startup, laid off at least 70 employees in early February, bringing its total layoffs since 2023 to more than 500. The layoffs were motivated by a desire to cut costs and extend the runway, despite the company claiming it was motivated by digitization and sustainabil
Exclusive: After two fundraises in 2023, Alerzo cut its workforce in February due to “digitization”
Alerzo laid off at least 70 employees in February 2024 to cut costs and extend runway. This is the second round of layoffs in the past year, reducing the headcount by at least 400.
Exclusive: Retail startup Alerzo fires 100 employees in fresh layoffs
Alerzo raised $10.5 million in a Series A round in 2021. Alerzo has laid off at least 100 people, following a previous layoff of 400 employees.
