Times Internet: 3rd round of layoffs impacts 30% of ET Prime employees
TIL undergoing mega restructuring exercise, insiders say
by
Published: Dec 22, 2023 4:56 PM | 1 min read
Follow Us
A week after laying off 120 employees, Times Internet Ltd (TIL) has now downsized its ET Prime's workforce by 30 percent in a fresh round of layoff.
Sources revealed that services of 12 employees, out of the nearly three dozen working with ET Prime, were terminated on Thursday. Those affected have been offered a three-month severance package.
This marks the third round of layoffs at TIL, following a previous cut of 100 employees in August. At that time, TIL had issued a statement assuring that it was a "one-time exercise."
ET Prime, a subscriber-only business news service under TIL, is believed to be undergoing an organizational shift in order to integrate it with Economic Times, a business daily operated by the Times Group, sources say.
TIL’s response on the reasons behind the recent layoffs are awaited. The copy will be updated as and when they respond.
Read more news about Marketing News, Advertising News, PR and Corporate Communication News, Digital News, People Movement News
For more updates, be socially connected with us on
Instagram,
LinkedIn,
Twitter,
Facebook,
YouTube
&
Google
News