Tens of journalists at Mediamax Network Limited are facing job losses after the company's management issued a redundancy notice to staff.
A notice seen by Kenyans.co.ke and signed by Chief Executive Officer Ken Ngaruiya indicated that the decision was part of a strategic restructuring and reorganisation aimed at improving operational efficiency in response to shifting market conditions.
The media house cited challenges in the macro business environment, rapid digital advancements, declining business volumes, and a shrinking client base as key reasons behind the decision. "Mediamax Network Limited is undertaking a strategic restructuring and reorganisation of its business operations to enhance overall efficiency and effectiveness in response to evolving market dynamics, including digital transformation, innovation, shifting client needs, and the introduction of punitive regulations by the Government of Kenya affecting the media industry," the notice stated.
A photo of studios at K24 TV under Media Max Photo K24 TV According to the company, the restructuring was further necessitated by persistent issues within the media sector, such as delays in payment of pending bills by both the national and county governments and the national government's decision to single-source advertising through one media entity.
