More than a quarter of chief executives expect to cut jobs before the end of the year on increased operating costs and softened demand for goods and services, setting up families for a gloomy festivities period.
The Central Bank of Kenya (CBK) survey that targeted CEOs of more than 1,000 private sector firms through online questionnaires, shows 26.3 percent of those surveyed expect to cut their workforce between now and the end of the year while 63.5 percent will not be hiring.
