K24 Layoffs, What Is Happening?

Major ongoing retrenchment at Mediamax Ltd targeting160 employees

 

The ongoing retrenchment at Mediamax Ltd is targeting160 employees who are being offloaded.

 

This will rival Standard Group’s September 2017 sacking of just over 100.

 

The major casualty so far is K24 followed by Kameme TV.  At K24, 10 editors are being sent home as the company moves to cut costs and streamline operations.

 

Those who have reportedly been given letters include K24 managing editor Fred Njiiri, Frankline Wambugu, the managing editor for Kiswahili and chief anchor; English Managing Editor Boniface Mutakha, and Deputy Managing Editor Ali Mtenzi.

Others shown the door include K24 business editor Tony Timase and Sports Editor Torome Tirike, who moved from Citizen TV.

 

Incidentally, these editors were promoted on the same date in 2016 by then CEO Ian Fernandes, who left Mediamax in June this year. He is said to have thrown in the towel after trying to turnaround the company since he joined in 2014 from Nation Media Group.

 

At Kameme TV, the company has scrapped the newsgathering function and to focus more on entertainment, leaving tens of journalists and other support workers without jobs.

 

The lay-off is cutting across the entire company – from editorial to management, marketing and printing press

 

Read more details at Business Today, where this article was lifted.