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From banks to farms, economy bleeding jobs | PRESS REVIEW

15th October, 2019

Thousands of people have lost their jobs as private firms either scale down operations or close shop entirely.

 

The situation has largely been blamed on a harsh economic and policy environment.

 

A Nairobi-based timber dealer became the latest addition to the long list of companies that have announced job cuts after it announced plans to send home a third of its 3,000-strong workforce.

 

And it is not just business enterprises that are struggling to retain their employees; non-governmental organisations have also had to resort to layoffs as funding taps run dry.
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