Senior staff at insurance provider and financial services firm Britam holdings are a worried lot. This is after the firm announced that it will lay off some of its workers as part of a new organisational structure that it is currently implementing. In a statement seen by KTN business, the move to cut down is expected to lead to a leaner executive team with fewer reporting layers that will support the company’s growth in an increasingly competitive business environment. The move, which is the result of a business strategy review spearheaded by the board, for the period 2021 2025, will result in a more competitive, efficient and customer-centric organisation. Britam last financial year reported a 1.6 billion shilling loss for the first six months of operations in 2020.