Massive layoffs despite Jubilee's one million jobs per year promisePresident Uhuru Kenyatta and his deputy William Ruto. Last year, 1,800 workers from the company lost their jobs under similar circumstances. Recently, more than 400 Kenyans lost their jobs after betting firms SportPesa and BetIn shut down their operations citing harsh taxation by the government. In 2018, global food processor Nestle sent home more than 100 employees to cut down high operations cost. Nakumatt had several problems that led to its slow death but tax issues and mounting debts were the major ones.

Source: Standard Digital October 22, 2019 07:19 UTC