A storm of fear is brewing at Equity Bank, with employees gripped by anxiety after claims of unfair sackings under the guise of poor performance.
According to an insider who spoke to blogger Cyprian Nyakundi, the bank is allegedly using performance issues as an excuse to get rid of staff, instead of declaring redundancies like they should.
The source, who asked to remain anonymous, says that workers are now constantly worried about being targeted.
They’re afraid that at any moment, false accusations could be leveled against them, making it easier for the bank to justify letting them go.
“Everyone is living in fear at Equity Bank right now,” the source shared. “You don’t know when or where you could be the next one. They’ll make up anything to fire you, and there’s nothing you can do about it.”
The situation is even more troubling given the bank’s massive profits. In 2023, Equity Bank posted a net profit of KES 39 billion, which makes the decision to target employees under the guise of poor performance all the more questionable.
“A company that makes that kind of money should at least handle layoffs fairly, not fire people without giving them a chance,” the source added.
The news has sparked outrage, especially from those who believe that companies like Equity, which are doing so well financially, should treat their workers with more respect.
Many are calling for transparency and better practices, insisting that businesses should protect their employees rather than creating an atmosphere of fear.
As the situation continues to unfold, one thing is clear: the atmosphere at Equity Bank has changed, and employees are now walking on eggshells, unsure of when they might be the next target.
