Sabi Lays Off 20% Of Staff After Raising $38m, Pivots Toward High-Margin Commodity Export Business

Sabi, one of Africa’s fastest-growing B2B e-commerce startups, has laid off around 20% of its staff—about 50 employees—as it shifts focus away from retail digitization to double down on its fast-growing commodity export division. The layoffs were confirmed by the company on Thursday and come as part of a broader restructuring aimed at consolidating resources [...]The post Sabi Lays Off 20% Of Staff After Raising $38m, Pivots Toward High-Margin Commodity Export Business appeared first on Tekedia.

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