The Standard Media Group has announced another round of mass layoffs.
An internal memo by the Acting Chief Executive Officer Joe Munene dated September 1, 2023, said the affected would be communicated to in writing.
"The looming mass lay off has been necessitated by the restructuring of the business to adopt a leaner and more efficient structure," Munene said.
"It has also been necessitated by the shifting trends in media consumption occasioned by technological changes in digital environment."
The Standard Media Group brings together the Standard Newspaper, KTN News, KTN Home, Radio Maisha, Spice FM, and Vybez Radio.
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The Mombasa Road based station has announced a series of lay off since last year even as cash crunch bites.
The company has been facing delays in the payment of salaries to staff who have gone for as far as four months without pay.
The scandal-riddled company has been fighting to remain afloat even as it faces a tough business environment.
Munene said the affected employees will be paid according to their contractual details.
This includes payment for days worked until the time of exit, payment of severance pay of 15 days for every year worked, notice pay as per the contract, payment of leave days accrued and not taken, and pension dues or gratuity according to one's contract.
"The Company hereby gives a one month notice of the intention to declare redundancy with effect from the date thereof," Munene added.
The CEO further added that the affected employees will be accorded necessary counseling and financial management training.
