CAPITAL FM TO FIRE EMPLOYEES DUE TO TOUGH ECONOMIC TIMES

Capital Group has announced plans to lay off staff, joining other Kenyan companies facing hard economic conditions. In a staff memo dated July 25, 2025, 

Managing Director Symon Bargurel explained the company needs to make changes to stay competitive in today’s challenging market. The decision comes after looking closely at the company’s operations during difficult times for the industry, with changing customer habits and more competition.

“We recognise the significant impact of this decision and deeply appreciate the dedication and contributions of all team members. Before arriving at this course of action, we thoroughly explored all possible alternatives, including major reductions in non-staff-related expenses. Unfortunately, these measures alone were not sufficient to address the financial and structural challenges we face,” the statement said.

Workers who lose their jobs will get: Their full salary until their last day, one extra month’s pay, severance pay of 15 days’ salary for each year worked minus any money owed to the company and payment for unused vacation days.

The company says it followed all Kenyan labor laws in making these decisions. Capital Group joins several other Kenyan businesses that have had to cut jobs recently due to the country’s tough economic situation.