iWorld
Kapil Rathee elevated to co-founder of Junglee Games
Mumbai: Junglee Games has announced the elevation of Kapil Rathee to the position of co-founder. The elevation recognizes Rathee’s exceptional contribution to the business as he continues to be an integral part of the company’s executive leadership team.
Having joined the team in 2015 as vice president of product, Rathee was promoted to Junglee’s chief product officer in 2017 and president in 2018. Previously, he held strategy & business consultant roles in his career and also founded TapAndEat, an F&B tech startup. Rathee has helped Junglee scale new heights with his growth mindset, strategic data-driven solutions and strong leadership abilities.
Speaking about the announcement, Junglee Games founder and CEO Ankush Gera said, ” Rathee and I have been working together for the last 8 years and have been looking to build upon opportunities to further strengthen our partnership, and collective impact. Rathee’s contribution to Junglee Games has been phenomenal and his dedication deserves this recognition. I couldn’t be happier for him and I look forward to seeing him grow in this new role. With the industry witnessing rapid growth, at Junglee we are confident about our approach towards investing and rewarding exceptional human capital within the organization.”
Rathee added, “I’m excited and privileged to continue my incredible journey at Junglee Games in this new role. While I’ve always operated from an ownership mindset, it is heartening to see the growth-centric culture in the organization. This elevation is an opportunity to build from a more strategic vantage point. As we continue to see incredible scale in the business, my focus is to accelerate our current trajectory and make Junglee’s brand synonymous with skill gaming.”
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.
