iWorld
Big FM tunes into the power of sun with record-breaking solar campaign
MUMBAI: When the sun comes up, Big FM doesn’t just play music, it powers it. The radio giant, in partnership with the Adani Group, rolled out its ambitious ‘Story of Suraj’ campaign, turning solar energy into a cultural talking point across India. The 360-degree initiative spanned 39 cities, blending radio, digital, and on-ground activations. Its opening act? A nationwide content roadblock introducing every listener to Suraj Bhaiya’s story. With 80 RJs creating over 250 content pieces, the campaign reached an impressive 2.91 crore listeners on-air. Online, it struck another chord, clocking 21 million plus digital impressions across Big Live and RJ social handles.
But the real showstopper came when Big FM set a world record with the first-ever dual-city solar-powered live broadcast, running studios in Delhi and Pune entirely on solar energy no grid, no diesel. The feat earned spots in both the Asia Book of Records and the India Book of Records, putting sustainability firmly in the spotlight.
The campaign didn’t stop at the airwaves. Listeners tuned into stories of solar-powered villages, practical tips, and pledge walls across Delhi, Pune, Modhera, Indore and Lucknow, while the Solar Rooftop Studio Shift showcased the lives of real solar beneficiaries. The crescendo came from Modhera Gram Panchayat, India’s first fully solar-powered village, where Big FM went live to give audiences a glimpse of a cleaner, greener future.
As Big FM’s CEO Sunil Kumaran summed up: “When purpose meets innovation, the impact can extend far beyond the airwaves.” And with ‘Story of Suraj’, the network proved that sustainability can be as powerful as any song on the charts.
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.
