SPNI India is expected to announce an organisational rejig this month, with sources indicating that up to 180 to 200 roles could be impacted as part of a cost rationalisation exercise
As per industry estimates, 200-400 media professionals have been laid off across print, TV and digital newsrooms in the last 6 months alone
With the growing adoption of AI & automation in ad industry, agencies are slashing jobs but experts say tech can’t replace the nuanced understanding and creativity inherent in human cognition
Industry heads shared that while the concern over job displacement due to AI is significant, generative AI is more likely to augment human capabilities than replace them entirely
Around 1,000 jobs from departments such as hardware, digital and central engineering teams have been impacted, say reports
The company has said the layoffs are needed to prioritise investments for long-term success
TIL undergoing mega restructuring exercise, insiders say
Nearly 200 employees fired in second such exercise this year
The affected employees, spanning various segments and verticals, have been given a three-month severance package, sources said
The move is likely to affect the sales and marketing teams
Experts speculate that though Meta India clocked good earnings in FY22, it is quite possible that its FY23 ad revenues won't be as good
The company will shuffle the teams and may pause certain programmes
The latest round of layoffs comes just four months after the tech giant fired 11,000 employees
Earlier in November, the social media giant had let go off 11,000 employees
The channel, which launched in August 2022, has cited cost cutting as the reason
The company let go of nearly 40 employees
Employees from engineering, sales, logistics, marketing and communications teams have been asked to leave, say media reports
CEO Sundar Pichai shares decision with employees in a mail
The move comes shortly after parent company Mohalla Tech's decision to shut down its fantasy gaming platform Jeet11 in December 2022
It’s been a harsh year for the tech space, with the economy taking a downturn post-war & the pandemic. Experts say the layoffs were part of a course correction but see reasons for better times
The publication has said it will go for layoffs in the first quarter of 2023
According to the company statement, hundreds of jobs could be affected
In other news, reports say that Elon Musk is mulling more layoffs, especially from the sales and partnership teams of Twitter.
Reports say that this could be the largest round of job cuts in the tech industry
Ahead of the layoffs, the company informed the employees that the offices will be temporarily closed and badge access will be suspended
Mitron co-founder and CEO Shivank Agarwal clarified that the company has laid off very few people even as it is expanding the team by hiring for tech roles
A fresh mail was sent to journalists from the chairman’s office with the subject line ‘Password for your salary revision letter’
As per highly placed sources, almost 100 employees across teams have either been asked to leave or their contracts have not been renewed in the last couple of months
The innovation will allow users to video chat with friends while watching the Live Stream of matches all on a single screen
Industry heads say with the Covid-19 crisis the need for integration will be more acute & embracing digital-tech capabilities across the networks has become essential too
The opportunity is open to social media influencers or professionals pertaining to content development, graphic design, media planning, video production, editing, photography or tech background
In an email, company CEO Ankush Sachdeva named uncertainties in the advertising market as the reason for their dismissal
In an email to its staff, the group has dismissed a WhatsApp message about the layoffs
The television company has sworn against trimming employees' salaries even at the cost of incurring losses