500 KCB employees to go home
KCB has already sacked over 1,000 employees since 2010
KCB Group has announced plans to lay off 500 employees in the wake of technological advancements and capping of interest rates.
The bank, which has operations in Uganda, Tanzania, Rwanda, Burundi and South Sudan has already sacked over 1,000 employees since 2010.
This has been partly due to technological advancements in the banking sector as well as high wage bill.
More bank workers face the sack over technology, interest-cap Bill
In its recent retrenchment drive, KCB said evolving technology changes and a dynamic regulatory regime had forced it to trim payroll.