This archive report was first published on 6 October 2019.
Kenya's job market has been hit hard in the last three months, with over 2,000 workers losing their jobs due to layoffs by different companies.
According to reports, nearly all sectors of the economy, including commercial banks, insurance, manufacturing, telecommunications, and technology companies, have been affected by the layoffs.
Since July, at least nine companies have sent home more than 2,000 employees, citing reasons such as restructuring, reduced profits, and high cost of labor and production.
Some of the companies that have laid off workers include East African Portland Cement Company (EAPCC), Telkom Kenya, Stanbic Bank of Kenya, East African Breweries Limited (EABL), Sanlam Kenya, and Ola Energy.
Recently, Kenya's largest betting company, SportPesa, and its main rival, Betin, dismissed about 600 staff combined, citing a dispute with the government over outstanding tax arrears.
Published on October 6, 2019.
