Betin has announced that it would be closing down 500 retail outlets, rendering another 2,500 Kenyans jobless.
The firm said in a statement that the government’s hard stance left it with no option but to issue its staff with redundancy notices.
They will join thousands of Kenyans who have lost their jobs since July in a wave of layoffs by companies seeking to remain afloat.
This has created fear among Kenyans working in both formal and informal sectors.
Betin joins other betting firms in the country that have laid off their workers after they failed to meet the tax obligations.
In an earlier statement, the firm had announced that its employees will be rendered redundant on October 31, 2019.
“In view of the above, we have had financial constraints as you might all expect. As a result of the deterioration of the profitability, the management has had to rethink its operational model and to proceed with the exercise of termination on account of redundancy,” wrote Betin in their statement.
Sportpesa also closed its shops in Kenya laying off all their employees.Do you have any story you would like to share? Email us at firstname.lastname@example.org and we will publish it. You can also contact us at email@example.com