iWorld
Rakhi Sawant takes on Arnab Goswami, Lalit Modi while getting bajaoed on #fame
MUMBAI: The outspoken and blunt Rakhi Sawant is back with her bold statements on #famebollywood. The queen of controversies takes on the tweets about her on social media and stylishly replies to a few chosen ones.
She is funny, vulnerable and absolutely endearing as she gets #Bajaoed! The actress outdoes herself each time she opens her mouth. This time her target is the Bollywood’s sultry siren, Sunny Leone. She also takes on Arnab Goswami when she is told ‘Rakhi is the replacement of Arnab Goswami in the entertainment world.’ Rakhi’s hilarious response when she is asked about her ‘genetic connection with Lalit Modi’. All this and more will leave the viewers in surprise!
Not known to mince her words, she reacts to the tweets; ‘Rakhi’s comparison with the Delhi Government that does nothing… Rakhi being called the Pamela Anderson of Bollywood and advised to start a show named ‘Bai-watch’ and Rakhi’s born to expose cleavage!
Watch Rakhi Sawant lashing out on the nastiest, funniest and craziest things you’ve read about her on social media. So whether it’s about her plastic face to her infamous kiss with Mika Singh, she is upfront and takes a dig on all of them.
iWorld
Snapchat parent Snap cuts 16 per cent of workforce in AI-driven restructuring
The Snapchat parent is axing around 1,000 jobs and closing 300 open roles to save $500m, as artificial intelligence makes smaller teams the new normal
CALIFORNIA: Snap is snapping. The Snapchat parent has confirmed plans to cut around 1,000 employees, roughly 16 per cent of its full-time workforce, as it bets that artificial intelligence can do what headcount once required. Shares jumped more than 10 per cent in premarket trading on the news, a brisk vote of confidence from a market that has watched the stock shed about 31 per cent this year.
The restructuring, which also closes more than 300 open roles, follows pressure from activist investor Irenic Capital Management, which holds an economic interest of about 2.5 per cent in the company and has been loudly pushing Snap to tighten its portfolio and lift performance. The firm got what it asked for, and then some.
Chief executive Evan Spiegel told employees the cuts would reduce annualised expenses by more than $500m by the second half of the year. The company expects to incur charges of between $95m and $130m related to the layoffs, mostly severance, with the bulk landing in the second quarter. Staff in Snap’s North America team were asked to work from home on the day of the announcement.
The financial backdrop is not without bright spots. Snap expects first-quarter revenue to rise around 12 per cent to approximately $1.53 billion, broadly in line with analyst estimates. Adjusted core profit for the January to March quarter is forecast at about $233m, comfortably ahead of Wall Street’s expectation of $186.8m.
The harder question surrounds Specs, Snap’s augmented reality smart glasses subsidiary, which Irenic has urged the company to spin off or shut down entirely. The unit has absorbed more than $3.5 billion in investment and burns through approximately $500m in cash annually. Snap is pressing ahead regardless, with a consumer product expected later this year, even as Meta leads the market in the segment.
Spiegel is betting that leaner teams, smarter machines and a consumer AR play can restore Snap’s credibility with investors who have run out of patience. The redundancy notices have gone out. The harder restructuring, the one that requires a hit product rather than a headcount reduction, is still very much pending.
