Nation Media Staff in Panic Over Retrenchment Notice

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Chrispen

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Friday, November 4, 2022 –Nation Media Group staff are in panic mode after a sacking announcement was made this Friday November 4.

Latest reports from an insider indicated to Homenews.co.ke that tension started building up early morning at the Kimathi Street-based media station when the retrenchment circular was officially issued and which could affect a large number of staff.

The sad news was delivered during the morning newsroom meeting which took place on the third floor presided over by Group Chief Executive Officer CEO Stephen Gitagama.

This, he said, is part of the restructuring exercise on the business model of the entire news room done specifically to suit the emerging digital trends.

In the tension-packed meeting, there were unsettled voices as staff could be heard conversing in low tones with speculations rife that the axe may start falling as soon as from next week on Monday.

This retrenchment, according to the source, will hit hard the newspaper division which is naturally fading away as a result of reduced sales.

Nation Media, just like Standard Group, is leveraging social and digital space for growth heading into next year 2023.

A few kilometers away, sources from the rival Standard Media Group reported that salaries had become a big problem and word has it the Moi-owned giant media house is currently a shadow of former self.

Reporters who reached to this writer are struggling to survive not only due to pay cuts but also delayed payments.