Over 2,000 Kenyans Fired in 3 Months as Unemployment Balloons

If you have walked to a job this morning and are assured of a good salary, allowance and other benefits by the end of the month, give it the very best and give thanks. People are losing jobs daily in this country.

Over 2,000 Kenyans have been rendered jobless in the last three months as Companies are closing business.

The over 2000 Kenyans who have been fired as companies close shop, a factor that is being attributed to a very unfriendly economic environment Kenya, had families and other mouths to feed and a solution has not been provided for them.

The chaos created by the loss of jobs for over 2000 people will obviously flow over to the society which is already struggling with a number of consequences, such as crime, closely related to unemployment.

Telecommunication, insurance, manufacturing, retailers, betting firms and many others are just but a number of the industries affected as many more give notice of retrenching by the end of October.

Technology, other than the poor economic environment, has contributed to rendering employees jobless due to redundancy that has seen a majority of companies take an audit of their human resources to cut down on expenses.

The Kenyan economy, according to economists, is not growing fast enough to absorb the ballooning number of unemployment, it is worse when instead of taking in; it’s pushing out those already in employment.

Ten firms have already retrenched an estimated 2,000 employees with some of them sending home all the company employees. The firms that have retrenched include;

1. East African Portland Cement Company (EAPCC)
2. Telkom Kenya
3. Stanbic Bank of Kenya
4. East African Breweries Limited (EABL)
5. Sanlam Kenya
6. Ola Energy.
7. SportPesa
8. Betin

Gaming giants SportPesa and Betin have been the latest to close shop after long court battles made it impossible to remain afloat as what has been termed as exorbitant taxes and crippling policies continued to rise on them.

Betin, on the 2nd of October 2019, announced to its employees in Kenya that it would lay off all of its 362 employees as it seeks to exit the Kenyan market a day after SportPesa announced the same.

SportPesa, on the 3rd of October 2019, announced that it was firing all its 400 employees in the Kenyan market following what it termed as frustrations from the government, especially after the introduction of 20 percent withholding tax on all the stakes-placed during a bet.

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