iWorld
Streaming service Spuul.com shuffles senior management
MUMBAI: The online streaming service for Indian cinema and TV shows – Spuul.com – has appointed a new CEO in Rajiv Vaidya to strengthen its position across markets, and bring in a focus on brand and ad-sales.
Speaking on the development Spuul’s co-founder and global CEO Subin Subaiah said in a statement: “Spuul has successfully established itself in India as a top of the line content platform and a front runner in the OTT space. With that set, the restructure will allow us to take the business to its next level of engagement with this fast evolving ecosystem. This will include expanding to new markets, generating access to the ballooning digital ad spends and building mutually beneficial partnerships.”
Vaidya joins Spuul from Hughes Networks. He was based in the San Francisco Bay Area, where he headed sales and marketing for US and later for the APAC region. He started his career in advertising with DDB Mudra and went on to head Triton BDDP in India.
Vaidya said: “Within a short span, the brand has garnered a tremendous customer base not only in India but also internationally. With online video consumption gaining popularity in India, I am excited to join the team to further enhance the brand promise amongst advertisers and consumers.”
Along with this appointment, Spuul’s current India-CEO, Prakash Ramchandani will move to the Spuul headquarter office based out of Singapore and assume a global responsibility of chief content officer. His portfolio will also include overseeing international marketing. Ramchandani held management positions across TV networks in India and then out of Sydney where he worked in the DTH space prior to moving to Mumbai to establish Spuul’s Indian subsidiary office.
Taking on the new role, Ramchandani said: “Having been involved with the company since inception and establishing its presence in India has been an extremely rewarding experience. Spuul is a global play and we want to connect with the broader audience base. Content has been the crux of the brand and I look forward to unlocking its value across key markets.”
iWorld
Meta plans 8,000 layoffs in new AI-led restructuring wave
First phase from May 20 may cut 10 per cent workforce amid AI pivot.
MUMBAI: At Meta, the future may be artificial but the cuts are very real. The social media giant is reportedly preparing a fresh round of layoffs, with an initial wave expected to impact around 8,000 employees as it doubles down on its artificial intelligence ambitions. According to a Reuters report, the first phase of job cuts is slated to begin on May 20, targeting roughly 10 per cent of Meta’s global workforce. With nearly 79,000 employees on its rolls as of December 31, the move marks one of the company’s most significant workforce reductions in recent years.
And this may only be the beginning. Sources indicate that additional layoffs are being planned for the second half of the year, although the scale and timing remain fluid, likely to be shaped by how Meta’s AI capabilities evolve in the coming months. Earlier reports had suggested that total cuts in 2026 could reach 20 per cent or more of its workforce.
The restructuring comes as chief executive Mark Zuckerberg continues to steer the company towards an AI-first operating model, committing hundreds of billions of dollars to the transition. Internally, this shift is already visible: teams within Reality Labs have been reorganised, engineers have been moved into a newly formed Applied AI unit, and a Meta Small Business division has been created to align with broader structural changes.
The trend is hardly isolated. Across the tech sector, companies are trimming headcount while investing aggressively in automation. Amazon, for instance, has reportedly cut around 30,000 corporate roles nearly 10 per cent of its white-collar workforce citing efficiency gains driven by AI. Data from Layoffs.fyi shows over 73,000 tech employees have already lost jobs this year, compared with 153,000 in all of 2024.
For Meta, the move echoes its earlier “year of efficiency” in 2022–23, when about 21,000 roles were eliminated amid slowing growth and market pressures. This time, however, the backdrop is different. The company is financially stronger, generating over $200 billion in revenue and $60 billion in profit last year, with shares up 3.68 per cent year-to-date though still below last summer’s peak.
That contrast underlines the shift underway. These layoffs are less about survival and more about reinvention. As Meta restructures itself around AI from autonomous coding agents to advanced machine learning systems, the question is no longer whether the company will change, but how many roles will be left unchanged when it does.
