BY SAM WAKOBA
Hundreds of jobs are being axed at Nollywood content providers, iROKO Partners quietly as the firm aims to move into profitability, cut down its operational costs and shift base to London according to sources familiar with the situation.
The sources, who asked to remain anonymous, claim iROKO is facing a very high degree of mismanagement and experimentation which is turning to be cruel to employees and hurting the name of the firm and its investors. The informants also accuse co-founder and CEO, Jason Njoku of ‘indecisiveness, mismanagement, cruelty and riding the Nollywood fame.
“The place is abusive and investors are too negligent to the firm’s internal HR matters and over 100 people have been quietly let go in a few weeks even as Jason promises everyone a glorious future,” one of the sources told TechMoran. “In July, iROKOtv.com hired 100 people to do telesales. The firm expected them to sell free trials via phone miraculously. 50 new laptops and phones were bought and the office redesigned to fit them.“