Bharat24 hands out pink slips to 15 employees
The channel, which launched in August 2022, has cited cost cutting as the reason
Noida-based news channel Bharat24 has reportedly handed out ‘pink slips’ to 15 employees, which include senior news anchor Mimansa Malik and PCR head Neeraj Kumar. Reports say that the channel management mailed employees to notify them about their layoffs.
The channel management in its mail has cited cost-cutting as the reason for the entire exercise. Talking to Samachar4media, the channel management says that there is no such thing as retrenchment. Although, many people have been asked to walk out handing over pink slips, but this is part of cost-cutting and re-structuring of the channel. This type of exercise has been done to balance the channel.
According to the channel management, usually the HR spend is around 30 per cent, but it has gone up to 52 per cent, hence the decision to cut costs had to be taken. The channel has 305 employees, out of which 15 people have been relieved. Presently it has around 290 people. The management has clarified that there is no intention of such layoffs in the near future.
The channel was launched in August 2022 under the leadership of senior TV journalist Jagdish Chandra.
