Radio Africa Group, one of Kenya’s largest media conglomerates, has announced a major restructuring plan that will result in significant job losses across the company.
In an internal memo dated July 17, the company’s management cited the numerous challenges facing the media industry as the primary reason for the restructuring.
The memo, which was addressed to all correspondents, stated that the company was working towards creating a “leaner and efficient organization”, a move that the company’s management notes will necessitate some structural changes.
“As you may be aware the media industry has been going through tough times in the recent past. The changes have affected business model and has caused unexpected changes in the business strategy and structures.”
“As part of our transformation strategy, we are working on creating a leaner and efficient organization. Regrettably, this will necessitate some structural changes,” reads the memo in part.
Details of the Restructuring plan
The memo also states that the planned layoffs would be implemented in batches, with the company promising to respect the contractual obligations of its staff.
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“The exercise will be carried out in batches with utmost respect to all correspondents and by the respective contractual obligations.”
However, the document did not specify the exact number of employees who will be affected by the restructuring but promised staff that they would receive further communication in due course.
Patrick Quarco Steps Down as Radio Africa Group CEO
The announcement comes just weeks after the departure of the group’s CEO and founder, Patrick Quarco.
His exit followed a 24-year stint at the company which saw him grow and develop the group’s portfolio and assets which includes several radio stations and a national newspaper.
The announcement was made on June 26, 2024, by Radio Africa Group Board Chairman Kiprono Kipttony who expressed his gratitude for Quarcoo’s dedication and leadership.
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“His contributions have laid a strong foundation for our future. As we embark on this new chapter, we aim to leverage our digital platforms more aggressively and ensure sustainable growth and continue to deliver value for our advertising partners,” Kittony said.
Kittony also noted that the CEO and founder’s retirement came at a time when the media landscape was undergoing rapid changes.
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