iWorld
YuppTV opens on Windows 10
MUMBAI: YuppTV is one of – the world’s leading over-the-top (OTT) content players for South Asian Content. YuppTV is proud to announce the launch of its app with 200+ Live linear cable networks, 10 days of Catch-up TV and 5,000 Bollywood movie titles on the new Windows 10 Platform.
The YuppTv app is free to download from the Win 10 store and will be available globally on PCs and Tablets with Windows 10.
The YuppTv App on Win 10 has a simple interface and is user friendly, making it easy to navigate by all age groups. With this App, users of Windows on PCs and Tablets can access YuppTVs incredibly vast offering of South Asian Content.
They can view 200+ channels in 13 South Asian languages available worldwide, as Live TV, 10 days of revolutionary Catch-up TV and unlimited movies in different genres. The technologically advanced App with multi-bit rate feeds enables it to work well on virtually any broadband connection. YuppTV app will soon be coming up with the Digital Living Network Alliance (DLNA) feature which will allow the user to push the feed to TV or other devices that support DLNA.
Speaking about the availability of YuppTv App on the new Windows 10 platform, Mr Uday Reddy said “The YuppTv App now available on Windows 10 Platform, opens up a whole new segment of viewership, utilizing the latest new technology and features to deliver content to our viewers in important markets like India and US. In line with our mission, we continue to upgrade our technology and expand our distribution to give a world class viewing experience to our subscribers, on the device they want, anywhere in the world.”
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.
