This archive report was first published on 21 May 2020.
Mediamax, a leading Kenyan media company, is facing financial difficulties due to the COVID-19 pandemic, which has led to a decision to cut jobs and restructure its operations.
According to a notice sent to staff, the company will abolish some positions as part of its cost optimization measures. The affected employees will be paid one month's salary in lieu of notice, as well as a severance package equivalent to 15 days' pay for each year of service.
Mediamax's Managing Editor, Peter Opondo, recently resigned over the company's decision to implement a 50% pay cut for high-earning employees. The move was met with resistance from some employees, who signed a petition opposing the pay cut.
President Uhuru Kenyatta visited Mediamax offices in April, expressing concern about the impact of the company's decision on his family's image and the presidency. However, the company has proceeded with its plans to restructure its operations.
Mediamax has a history of layoffs, including a mass sack of 160 employees in 2019. The company has struggled to attract viewers and advertisers, leading to financial difficulties.
