The number of workers laid off by Nairobi Securities Exchange (NSE)-listed firms more than doubled to 7,000 last year on falling revenues, latest data shows, signifying the depth of the crisis in the jobs market which has worsened since the second quarter of this year due to the Covid-19 pandemic.
The size of lay-offs by NSE firms in 2019 represents a 143.39 percent jump compared to the previous year when the companies shed 2,876 jobs. Companies listed on the bourse cut 1,870 jobs in 2017.
