iWorld
Digital Reinvent Awards: Elevating excellence in streaming entertainment
Mumbai: The Digital Reinvent Awards, a prestigious event that celebrates and honours outstanding achievement in the world of streaming entertainment in India, inspiring and celebrating exceptional talents, exploring trends and insights in the ever-evolving media landscape, and creating networking opportunities that foster community and stimulate the birth of the next Big Idea. Digital Reinvent Awards, a distinguished ceremony recognising excellence in the Indian streaming entertainment industry, is set to take place on 1 December at 4 pm. The event will be broadcast live on the Digital Reinvent Facebook page.
Digital Reinvent supports and recognises quality streaming entertainment in India. The awards ceremony will feature categories that span talent, content, promotion, marketing, design, and platform. The aim is to acknowledge the exceptional contributions of individuals and organisations that have redefined the digital entertainment landscape. The Digital Reinvent Awards will witness the presence of industry stalwarts and notable figures who have significantly contributed to the growth and success of streaming entertainment in India.
The awards ceremony will feature a diverse range of categories, including web series of the year, documentary or non-fiction program or series, lead actor of the year, supporting actor of the year, and many more. These categories have been carefully curated to recognise excellence across various facets of streaming entertainment. Digital Reinvent invites media professionals, entertainment enthusiasts, and the public to join the event’s live broadcast on their Facebook Page.
Expressing his enthusiasm about the event, conference director Andy Chua stated, “The Digital Reinvent Awards are a testament to the creativity and innovation thriving in the Indian streaming industry. We are excited to recognise and celebrate the individuals and organisations that have made significant strides in this dynamic and ever-evolving field.”
The Digital Reinvent Awards are proud to be associated with leading sponsors and partners, including RedFM 93.5, Shemaroo Entertainment, Moes Art, and The Awards Gallery. Their support has been instrumental in making this event possible and underlines the industry’s commitment to fostering excellence in streaming entertainment.
Stay tuned as the industry comes together to applaud and honour the best in the business only on https://fb.me/e/8tcT4xtt0
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.
