The Standard Media Group is set to fire more employees barely months after it sent a huge group of its workers packing.
The media house has issued a one month notice of the intention to declare redundancy with effect from Friday, September 1.
The latest sackings will follow the round of firings that was executed in March 2023. Already, the media house has sent an internal memo to its employees notifying them about the upcoming round of firing.
“This is to notify all members of staff of the Company’s intention to declare redundancies that will affect employees across several departments,” the media house said in an internal memo.
“This process has been necessitated by the need to restructure the business to adopt a leaner, more efficient structure.”
The media house has attributed the latest sackings to economic downturn, low revenues emanating from increased competition from digital media, and the high cost of living.
“The affected employees will be duly informed in writing. They will receive notice pay as per the Contract of Employment, and payment of leave days accrued and not taken at the time of exit,” said the memo by the media house’s Acting Chief Executive Officer Joe Munene .
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“Affected employees will have get their pension dues or gratuity in accordance with the Scheme.”
