iWorld
Games24x7 elevates Vikrant Goyal to CHRO
Mumbai: Games24x7, India’s most valuable multi-game platform, today announced the elevation of Vikrant Goyal as its chief human resources officer (CHRO). In his capacity, Goyal will continue to spearhead Games24x7’s human resources strategy and operations across all locations in support of the company’s overall growth.
Goyal has been an integral part of the Games24x7 team for four years, having served as vice president of Human Resources. During this time, he has played a pivotal role in shaping the company’s success and growth.
Commenting on the announcement, Games24x7 CEO and co-founder Bhavin Pandya said, “We believe that amazing companies are built by amazing teams. Through his tenure, Goyal has been instrumental in not only building an amazing team at Games24x7, he has fostered an inclusive and collaborative work environment which has helped us drive growth and innovation. We are delighted to announce Goyal’s promotion to CHRO. Goyal has been a valuable member of our team and his passion for people along with his ability to create a high-performance culture have been essential to our success. We are confident that the organization will continue to thrive under his leadership and we wish him the very best as he continues to percolate our values and traits through the organization along with our operating ethos – the science of gaming.“
With over two decades of experience in human resources domain across a wide array of industries and companies, Goyal has driven innovative and strategic solutions that have enabled organizations to achieve their goals by transforming their culture, improving performance, and building & developing talent.
Goyal said, “I have been delighted to be with Games24x7 for 4 years now and looking forward to many more years. I think we have created a best-in-class institution and shall strive to be above the best always. We are personally invested in each person who is part of the Games24x7 team.”
As the new CHRO, Goyal will continue to drive the company’s talent strategy and lead the HR team in delivering innovative solutions that align with the company’s vision and goals. His elevation is a testament to his exceptional leadership skills and the trust and confidence that the company’s leadership has in his ability to take Games24x7’s work culture to the next level.
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.
