Kenya’s Mediamax Announces Sixth Round of Layoffs

TLDR

• Mediamax Network Ltd., the parent company of K24 TV and People Daily, has announced another round of job cuts, marking its sixth retrenchment in four years
• CEO Ken Ngaruiya cited shifting consumer habits, digital disruption, and what he termed “punitive government regulations” as reasons for the restructuring
• Laid-off staff will receive salaries for days worked, pay in lieu of notice, accrued leave, and severance equal to 15 days per completed year of service, minus any outstanding debts