Standard Media Group head offices along Mombasa Road. Source: UGCThe media firm plans mass layoffs of employees in various departments starting November 2022. Employee redundancyIn an internal memo dated Friday, September 30, 2022, the Chief Executive Officer noted that the redundancy is necessitated by trends in the sector. The one-month redundancy notice will take effect from the date of issuance, and layoffs will be undertaken in phases. "We will offer private counselling and free financial management training to affected employees during the month," the Group CEO noted.

Source: Standard Digital October 02, 2022 08:42 UTC