iWorld
OTTplay to host the first edition of OTTplay Changemaker Awards, 2023
Mumbai: OTTplay, India’s first AI-powered one-stop destination for streaming, content, reviews, and recommendations, is all set to divulge the first edition of the OTTplay Changemakers Award, on 26 March 2023, at the JW Marriott in Mumbai. This will be a marquee event that will honor and celebrate the outstanding talents who are driving a creative revolution in the entertainment sector. Winners from 30 categories will be felicitated during the ceremony.
The award ceremony will honor under 40 disruptors from the entertainment industry. The ceremony will be a star-studded affair featuring some of the A-lister celebrities and influencers who have proven the mettle of their talent in their art industry. The event will bring together trendsetters from regional cinema, business leaders, content creators, and tech enablers.
Talking about the award, OTTplay c0 founder and CEO Avinash Mudaliar said, “The award will felicitate the trendsetters, the disruptors, the entertainers, the round pegs in the square holes, who believe in exploring diverse mediums to entertain the viewers. Being the debut edition of the OTTplay Changemakers Awards, we will recognize and appreciate the feats achieved by the innovators and influencers. With this inaugural edition of the OTTPlay Changemakers Awards, we aim to create an entertainment legacy of excellence for the years to come.”
Get ready to experience the groundbreakers of the entertainment industry at the OTTplay changemakers awards. The award will focus on segments across entertainment, films, OTT, production, fashion, social influencers, etc.
OTTplay transitions from a content discovery engine that curates content from 60 per cent Indian and international OTTs to a streaming platform that allows audiences to access their favorite content from 15 different OTT platforms with a single subscription. The premium subscription platform, OTTplay premium, which includes the availability of over 20,000 shows, web series & movies from 15 different OTTs at an affordable price is truly standing tall to their claim mazey karo multiply.
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.
