Kenya’s Copia Faces Layoff Of 1000+ Staff & Shutdown As Financial Struggles Bite
- Copia Global faces financial constraints and potential organizational restructuring or shutdown.
- The company acknowledges the challenges ahead, including workforce reduction and the inability to make payroll.
- Approximately 1,060 roles could be affected if Copia Global proceeds with restructuring.
The financial constraints and potential restructuring or shutdown of Copia Global pose significant challenges for the company. The inability to make payroll and the potential workforce reduction further highlight the gravity of the situation. It is crucial for Copia Global to secure additional funding and navigate these difficulties to ensure its survival and future success.
