![]() The layoffs and restructuring was so poorly executed I just don't have any more trust or confidence in a company I have worked at for over 5 years. I've worked here for so long and have so many friends, but it's going to be over. How are we supposed to know what this company wants from us? I cannot recommend this company to anyone. Meanwhile, mediocre performers in the same departments still have a job? It makes no sense and leaves the survivors feeling scared. We're talking people who had nothing but glowing, positive reviews. Case in point for how out of touch and full of it VP's are, almost every single one? Top performers got cut. It looks shakier than ever with a completely tone-deaf and fake army of VPs who are completely full of it. The organization is more top heavy than ever with the recent layoffs so this house of cards doesn't look "leaner and meaner" to me. Not a single person in upper management has sold anything other than Medicare supplement and hasn't used the company's constantly tweaked Salesforce platform, constantly changing quoting and enrolling platform, constantly changing dialer, and constantly changing compliance and comp plans to feed their fat salaries in years. Reports from the inside paint a picture - more. I pray the decision was a tough one to make but it's hard to state that fact with any certainty. Trading valuable experience (and salary) for another year to try and right the ship and survive as a company. In early 2022, SVG downsized approximately 30% of its workforce (or approximately 290 individuals) without notice. Couple these losses with investors unwilling to invest further and the result, by all accounts, was a last ditch effort to save the company. In 2021, SVG had an extremely high attrition rate with newly hired agents. C level employees began jumping ship and the cracks began to evolve into crevasses. So too did the constant communication internally about how successful the company was and how much revenue was being generated. Unfortunately, SVG had neither.Įventually, the "best place to work" campaigns came to an end. To scale successfully, a company must have a solid foundation and senior leadership that is fully aligned strategically. SVG heavily invested in agent growth year after year despite multiple red flags and against internal department recommendations. Then came the rapid growth and the external investors that only prioritized the bottom line. In turn, the employees were proud as well and rated the company highly because they were working to make the business successful. The company was proud of this accomplishment and proactively encouraged employees to rate the company highly. Jiji’s main competitors in Africa are Jumia and Tonaton.SVG was once considered a "best place to work" in Kansas City. In the next 2-3 years we aim to be one of the top 10 classifieds businesses in the world by traffic.” We continue to act as a long-term investor in Africa and are excited by the exceptional opportunities this young and dynamic continent has to offer. Vladimir Mnogoletniy, co-founder of Jiji, commented: “This partnership is pivotal to Jiji’s future business model and success, as it paves the way for building the continent’s largest Africa-based classified business serving a market with a combined population of over 300 million in some of the world’s fastest-growing economies. It’s now aiming for 10 million users in the next couple of years. Jiji is the highest rated app in Nigerian e-commerce, with more than six million unique active users and 50,000 professional sellers listing more than one million items in a rapidly growing market of 200 million people. The transaction is supported by one of Jiji’s principal investors, Digital Spring Ventures. This is something of a coup for a company originally from Ukraine, pulling off an acquisition in one of the world’s last huge, relatively untapped regions. The acquisition means Jiji will now be able to access 300 million people across five markets. Today Jiji, one of the largest marketplaces for classifieds in Africa, has acquired their main competitor on the African market, OLX, and their businesses in Kenya, Ghana, Uganda and Tanzania. As we saw from our recent TechCrunch Battlefield in Africa last year, the continent is producing bigger and bigger tech players, and one can see this in the consolidation in the market. ![]()
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