iWorld
New India’s Budget with fresh ideas, methods and solutions analyzed and simplified by Moneycontrol
MUMBAI: The upcoming 90th Union Budget carries the expectations of more than a million people. Presented by the country's first female finance minister, Nirmala Sitharaman, on July 5, the budget seeks to lay down the PM's focus on the vision of a New India. The budget with a focus to resolve pressing issues aims to propel the nation towards progress and formulate new solutions for existing policies and reforms. Recognized as the go-to-destination for one and all on Budget Day, moneycontrol endeavors to provide its users an expert-led and data-driven analysis of the budget for its audience. Following the phenomenal viewership of its reportage on the earlier editions of the Budget, this year, moneycontrol with #TheNewIndiaBudget will present its discerning readers with real-time, in-depth analysis of the budget.
Regarded as the foundation for the growth of New India, the first budget post the largest democratic election is expected to be an innovative/ disruptive echo of the interim budget with specific attention towards social welfare. Moneycontrol, as the market leader in the finance and business news sector will bring together industry veterans and thought leaders to present insightful and in-depth analytical inputs. Charting out the country's economic future for the next year, moneycontrol, will offer its audience an unrivalled round-the-clock coverage to cover the impact and effect both in the short term and the long term.
In addition to finance sector, moneycontrol will also highlight the reforms and policies that the government has in store regarding jobs, taxes, farmers and households and will feature critical issues that require immediate attention and amendments. Battling the war of eyeballs, moneycontrol will cement its foundation as the foremost leader by laying impetus towards financial literacy and raising audiences’ awareness of the larger ramifications thereby allowing the investor to make better informed decision.
Commenting on this Mr. Gautam Shelar, Business Head, moneycontrol said, “The upcoming budget is set to be of immense importance due to the task at hand for the government to resolve the issues that the country faces, in addition to aligning to the PM's vision of a New India. Through #TheNewIndiaBudget, we, at moneycontrol, want to let our audiences know in the best ways possible about the innovation and novelty that the government aims to bring in the form of new ideas, methods and solutions that will take them one step closer towards a New India. With audiences seeking information on such an important day, it is necessary that we decode policies and reforms in a manner that they find easy to grasp and understand in a convenient format. With the customer at the very core of what moneycontrol stands for, we once again endeavor to make a mark as experts in the field of finance and business on one of the biggest days for the country's economic future."
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.
