{"id":70292,"date":"2023-04-19T00:00:00","date_gmt":"2023-04-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/"},"modified":"2023-04-19T00:00:00","modified_gmt":"2023-04-19T00:00:00","slug":"mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/","title":{"rendered":"MENA e-commerce giant Noon has cut 10% of its jobs to save on costs"},"content":{"rendered":"

<\/span>E-commerce platform <\/span>Noon<\/a><\/span> has slashed 10% of its jobs to trim costs<\/span>, <\/span>founder Mohamed Alabbar told <\/span>Bloomberg<\/a><\/span> in an interview. The downsizing included cutting jobs in marketing, advertising, and other departments, Alabbar told Bloomberg. The slew of layoffs were rolled out over the past year and a half. \u201cWe started [layoffs] before the big tech companies did but we\u2019re done now,\u201d Alabbar said.<\/span><\/p>\n

The global tech sector has seen its largest bout of job cuts in recent months<\/span>, with Amazon, Alphabet, Microsoft, and Meta Platforms all ending worker contracts after they were left overstaffed due to a hiring binge during the pandemic, Bloomberg explained. Upwards of 67k jobs have been eliminated in the industry as of early February, as per Bloomberg\u2019s tracker. <\/span><\/p>\n

But some outfits in MENA are defying the tech sector slump and continue to attract funds from investors<\/span>, Bloomberg explained. The IPO scene in the region continues to see strong performers, pushing bankers to look at Noon and other tech firms as good prospects for floatation. Nevertheless, Noon\u2019s founder told Bloomberg that there are no plans for going public.<\/span><\/p>\n

More about Noon: <\/span>The Dubai-based e-commerce platform was founded in 2016 and is split 50-50 between Alabbar and KSA\u2019s sovereign wealth fund. The outfit operates in the UAE, KSA, and Egypt, and it is looking to expand elsewhere in MENA, according to Bloomberg. Noon\u2019s financial performance is now trending upwards. The \u201ccash burn rate has gone down drastically and our margins are getting better,\u201d Alabbar said last week in statements cited by Bloomberg. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Noon started layoffs a year and a half ago<\/p>\n","protected":false},"author":1,"featured_media":70293,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[172],"tags":[17,837,171,259],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-70292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterprise-logistics","tag-noon","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"a705639f-3746-4b4b-99c2-d4f991303d01","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/4\/710.jpg","photo_position":"above","homepage_title":"","full_issue_title":"MENA e-commerce giant Noon has cut 10% of its jobs to save on costs","related_issue":[70283],"teaser":"Noon started layoffs a year and a half ago","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.64016805-3ed7-4cd6-96f4-996fa4ba53c8.mp3"},"yoast_head":"\nMENA e-commerce giant Noon has cut 10% of its jobs to save on costs - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MENA e-commerce giant Noon has cut 10% of its jobs to save on costs\" \/>\n<meta property=\"og:description\" content=\"Noon started layoffs a year and a half ago\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-19T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/710.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"MENA e-commerce giant Noon has cut 10% of its jobs to save on costs\",\"datePublished\":\"2023-04-19T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/\"},\"wordCount\":270,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/710.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Enterprise Logistics\",\"Noon\",\"STARTUP WATCH\",\"startups\"],\"articleSection\":[\"Startup Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/\",\"name\":\"MENA e-commerce giant Noon has cut 10% of its jobs to save on costs - Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/710.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-04-19T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/710.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/710.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MENA e-commerce giant Noon has cut 10% of its jobs to save on costs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"name\":\"Logistics\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\",\"name\":\"Logistics\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/29618.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/29618.svg\",\"caption\":\"Logistics\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"MENA e-commerce giant Noon has cut 10% of its jobs to save on costs - Logistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/","og_locale":"en_US","og_type":"article","og_title":"MENA e-commerce giant Noon has cut 10% of its jobs to save on costs","og_description":"Noon started layoffs a year and a half ago","og_url":"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/","og_site_name":"Logistics","article_published_time":"2023-04-19T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/710.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"MENA e-commerce giant Noon has cut 10% of its jobs to save on costs","datePublished":"2023-04-19T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/"},"wordCount":270,"publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/710.jpg?fit=%2C&ssl=1","keywords":["Enterprise Logistics","Noon","STARTUP WATCH","startups"],"articleSection":["Startup Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/","url":"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/","name":"MENA e-commerce giant Noon has cut 10% of its jobs to save on costs - Logistics","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/710.jpg?fit=%2C&ssl=1","datePublished":"2023-04-19T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/710.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/710.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/04\/19\/mena-e-commerce-giant-noon-has-cut-10-of-its-jobs-to-save-on-costs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/logistics\/"},{"@type":"ListItem","position":2,"name":"MENA e-commerce giant Noon has cut 10% of its jobs to save on costs"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/logistics\/#website","url":"https:\/\/enterpriseam.com\/logistics\/","name":"Logistics","description":"","publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/logistics\/#organization","name":"Logistics","url":"https:\/\/enterpriseam.com\/logistics\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/29618.svg","contentUrl":"https:\/\/ent.news\/internal\/29618.svg","caption":"Logistics"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/710.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/710.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/710.jpg?fit=%2C&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/70292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/comments?post=70292"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/70292\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/70283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media\/70293"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media?parent=70292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/categories?post=70292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/tags?post=70292"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/brand?post=70292"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=70292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}