More news anchors are to be axed from one of the leading local television K24. Mediamax Network Limited which owns K24 and other TV and radio stations has announced that the restructuring has been informed by the current final turbulence facing the company as a result of the covid 19 pandemic effects.
“Mediamax Network Limited regrets to advise; that owing to the ongoing COVID-19 pandemic that has had adverse effects on its revenue streams,it shall reorganize its staff
structure and abolish some positions as part of its cost optimization measures in the wake of its new business realities,” says the company’s acting Chief Executive Officer Ken Ngaruiya.
“The services of some of its employees will be rendered superfluous thereby necessitating the termination of their employment on account of redundancy.” adds Ngaruiya.
Betty Kyallo became the first high profile employee to be given marching orders last week.
“Thank you guys for always watching and sharing with us on all our shows. We appreciate you and blessings to you. Never a goodbye but a see you around. We’re happy to always give you the best shows and amazing content,” said the Betty who says she will now concentrate in her own businesses and You Tube channel.
Mediamax is the holding company of the People Daily Newspaper, Tv stations (Kameme and K24) Radio stations ( Emoo FM, Milele FM, Kameme FM, Msenangu (formerly Pilipili FM), Mayian FM and Meru FM).
The Kenyan government estimates that close to 300,000 employees have lost their jobs, so far, as a result of the corona virus pandemic.
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