×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Job losses rise to decade high as private sector output falls

Vocalize Pre-Player Loader

Audio By Vocalize

A man walks along the Temple Road in Nyeri hawking his wares to eke a living. [Kibata Kihu, Standard]

Layoffs by Kenyan firms rose to the highest in about 10 years in November as companies tried to contain the cost of operations in the face of reduced demand from consumers, who are grappling with the high cost of living and reduced earnings.

A new survey further shows that formal sector companies have been reducing jobs for three months consecutively, with layoffs in November being the worst in years.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Ruto opts for electric cars to escape high fuel prices
Business
Kenya, Netherlands moot corridor to link EAC and Europe
Real Estate
Coastal property developers bank on Badawy to spearhead expansion strategy
Business
Kenya to host Africa's digital economy summit as push for unified market intensifies