Betting firm Betin has announced its plan to lay off 2,500 employees after the closure of its 500 retail outlets located in different parts of the country.
The management of the firm has said that it has no choice but to lay off the staff after the government refused to listen to its plight regarding the payment of taxes.
Betin joins other betting firms in the country that have laid off their workers after they failed to meet the tax obligations.
In an earlier statement, the firm had announced that its employees will be rendered redundant on October 31, 2019.
"In view of the above, we have had financial constraints as you might all expect. As a result of the deterioration of the profitability, the management has had to rethink its operational model and to proceed with the exercise of termination on account of redundancy,” wrote Betin in their statement.
SportPesa also opted to close shop in Kenya over what they termed as an unfriendly business environment.
“Until such time that adequate taxation and non-hostile regulatory environment is returned, the SportPesa brand will halt operations in Kenya,” SportPesa said in September.
The tough economic times being witnessed in the country have seen a number of Kenyans both in the formal and informal sectors losing their jobs.