Standard Group has announced plans to declare redundancies owing to the harsh economic times affecting the media industry. The media house explained that the move was necessitated owing to the strained generation of revenue while taking into consideration a sizable workforce. Therefore, the media house noted it was forced to undertake organisation restructuring by letting some of the workers go. Notably, Standard Group is not the only media house to have done mass layoffs of employees. A similar scenario was witnessed at Nation Media Group in June.

Source: Daily Nation July 31, 2024 04:29 UTC