Firms cut hiring as virus eats revenue - News Summed Up

Firms cut hiring as virus eats revenue


But while some sectors were almost completely decimated by the virus, others reaped off the misfortune, seeing their profits increase significantly. Hospitality, leisure and travel, suffering due to the ban on travel, inside dining and mass gathering, saw a 47.75 per cent decline in activity. “The Covid-19 pandemic has hit the employment sector hard across the world with job losses being recorded in millions. The Kenyan job market has not been spared by the scourge," said BrighterMonday Kenya Chief Executive Emmanuel Mutuma. "As a result of losses, companies are looking to do away with the workforce that could be deemed excess.


Source: Standard Digital July 28, 2020 15:16 UTC



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