The Nation Media Group (NMG) has announced a downsizing in their workforce that will take effect as of January 2017.
In a press statement, the media house noted that following a new strategy the company has been progressively adopting, duties will become redundant hence relieving some employees will be the only option.
"Early this year we embarked on a new strategic journey of transforming the Group into a modern Twenty-First Century digital content company. Regrettably, this will result in a reduction of our workforce through job redundancies," the presser read in part.
An inside source at the company divulged to Kenyans.co.ke that over 40 employees would face the sack. According to our source, tension was still high at NMG as of Monday since the affected employees were still not aware of their fate.
"Those who will be sacked in the ongoing process will know their fate on Tuesday. News going around in the office indicates that over 40 people will be sent home," our source who insisted on remaining anonymous said.
According to NMG, the final stage of the new strategy involves the reorganisation of all operations across the Group to prioritise resources and investments in content development, monetization and innovation in line with the emerging ways that new age consumers are consuming media.
"This will allow us grow our new revenue streams while securing our current print and broadcasting businesses in a much more efficient and effective manner," the statement read.
NMG added that the strategy had already given it enormous benefits in 2016.
