Nation Media Group (NMG), has dismissed reports it plans to sack 600 employees. NMG clarified that it was a victim of a cyber attack by cyber warriors afraid of the media. "The cyber warriors drafted a fake letter alleging that up to 600 NMG employees would be declared redundant by April this year," the company said. The Standard Media Group introduced a voluntary early retirement scheme to reduce its wage bill. At least 870 jobs are at risk after Kwale-based Base Titanium announced it will exit the Kenyan market in 2024.

Source: Daily Nation February 10, 2024 04:57 UTC