Tension is high at the Standard media group as the company prepares to send home some of it's correspondents.
According to a highly placed source, some of the correspondents have already been served with letters to explain why they should not be sacked.
Among the regions affected is the Coast region, three correspondents from the region have already been served with show cause letters and another receiving a termination letter.
Two of the show cause letters have been served to correspondents based at the Mombasa bureau, a photographer and a writer, another correspondent has been sacked while the third show cause letter sent to a correspondent outside Mombasa but within the region (Coast).
This comes just a month after the media house owned by former President Daniel Moi's family issued a profit warning cautioning investors that profitability will fall significantly.
In the warning which is usually issued by listed companies in order to disclose in advance a fall of at least 25% in profitability,
SMG projected that the profit for the year ended 31st December 2019 will be at least 25% lower than the performance of the year ended 31st December 2018 due to shrink in earnings,increased costs and drop in advertising.
Standard media group is the second largest media house in Kenya, it recently introduced two new radio stations spice fm and Vybz radio.
In October this year, Media max limited also sent home over 100 journalists including editors.
Another media house said to be in the process sending home some of it's journalists is the Radio Africa group.
Just last month Radio African Group CEO Patrick Quarcoo announced that the company was finding it hard to meet its financial obligations with shrinking revenues and would therefore offload some employees to stay afloat, issuing a one-month redundancy notice.
