Business Daily Advertisement Ernst & Young sends 42 top managers home Monday, June 15, 2020 8:00 There are questions about the motivation of the head office to lay off the workers. Gitahi Gachahi Outgoing CEO Gitahi Gachahi. FILE PHOTO | NMG By NG'ANG'A MBUGUA More by this Author IN SUMMARY The firm‘s outgoing CEO Gitahi Gachahi said the firm has been performing well financially, raising questions about the motivation of the head office to lay off the workers. Sources at the company said some of the regional offices do not have sufficient staff, making the redundancy notices all the more questionable. Advertisement Trouble is brewing at Ernst & Young after the South African office of the audit and advisory firm signalled its intention to lay off 42 senior and long-serving managers in the Nairobi office, which counts Co-op Bank #ticker:COOP, the Central Bank of Kenya and Absa Bank Kenya #ticker:ABSA among its customers. The firm‘s outgoing CEO, Gitahi Gachahi, told the Business Daily that the firm has been performing well financially, raising questions about the motivation of the head office to lay off the workers. “The redundancy decision could not have been informed by sub-optimal performance or profit dilution,“ said Mr Gachahi, questioning the wisdom of the decision. Reference:https://www.google.com/amp/s/www.businessdailyafrica.com/news/Ernst---Young-sends-42-top-managers-home/539546-5576490-view-asAMP-fhskm6/index.html