iWorld
Contiloe launches its second state of the Art VFX Studio in India!
MUMBAI: Leading production house, Contiloe has changed the face of television since their inception two decades ago. Carrying this forward, Contiloe has now announced the launch of their second VFX Studio! Currently headquartered in Mumbai, the second facility is located in Bhubaneshwar and will start functioning 5th March 2019. Odisha is one of the primary source of the creative artist in Media & entertainment industry.
With this facility, the Contiloe team aims to provide a platform to nurture promising talent, mentor and groom them to create game-changing content across genres. Additionally, the team will go through training in the production house’s Bhubaneshwar & Mumbai facility.
The VFX studio will be currently operating from a 5000 square foot facility, however, plan to expand this to 1.5 lakh square feet.
“Today there is increasing demand for quality content strengthened by advanced visual effect, both in the domestic and international market. We understand this growing need and the facility is set to with the intention of offering exceptional Animation and World Class VFX. Riding on the creative talent that resides in Orissa, we believe will help us create skilled talent for the animation and visual effects industry.”, said Abhimanyu Singh, Founder & CEO, Contiloe Pictures and Films
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.
