Fact is, K24 is not doing so coz of lack of revenue. Neither is this a recent decision.
This decision was made early this yr and communicated to staff in march. Samboja the CEO thinks a lot of hiring was done before his tenure and that he needs reduce the numbers and remunerate the few left better.
It's Samboja's maths at work. And it"s not journalists pekee, cuts across departments. Only people spared are those under The People(no pun intended).