Why CEOs plan to fire 370,000 employees

More CEOs plan to trim their workforce this year.

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More chief executives (CEOs) plan to trim their workforce this year, a new survey by the Central Bank of Kenya (CBK) shows, citing declining business performance and cost-cutting.

The survey shows that in just five months, company executives (in the non-banking sector) have raised the number of jobs they plan to cut this year by more than 60,000.

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Note: The results are not exact but very close to the actual.