#cost-cutting

Moi University is set to implement staff layoffs as part of a cost-cutting strategy aimed at reducing its monthly wage bill by Ksh 100 million. The decision comes after years of financial difficulties, with university management stating that the restructuring is essential for maintaining financial stability.

A new report indicates that businesses that depend on recurring cost-cutting measures may jeopardize their long-term competitiveness. The findings highlight the importance of cost transformation strategies for sustainable growth.