iWorld
Hungama Digital associates with Ultra Festival – the Chainsmokers’ destination
MUMBAI: Hungama has announced a partnership with Ultra Music Festival’s Road to Ultra Tour India to be held in Mumbai on 7 September and in Delhi on 8 September.
Headlined by The Chainsmokers, the festival has created a buzz within the music circuit and is being eagerly anticipated by music lovers in India and around the globe.
Hungama is associated with the festival as the official digital partner, and will offer EDM fans access to the ‘Road to Ultra’ specials and curated playlists comprising the best tracks by the festival headliners, along with some of their remixed versions, across its network including Hungama Music, Hungama Play, Tata Sky Music+ and more.
Commenting on the association with Road to Ultra, Hungama.com CEO Siddhartha Roy said, “Hungama is set to become the ultimate destination for The Chainsmokers’ fans with a wide range of audio and video playlists curated specially for the festival. Interestingly, the Chainsmokers are among the top five most popular artistes on our platform.”
Hungama has also lined up a Road to Ultra special on Tata Sky Music+.
Hungama is also running contests for the Hungama Music app users that gives them an exclusive chance to win tickets, and be a part of the biggest EDM festival of the year!
Percept Live’s Karan Singh says, “Hungama has been a preferred partner for digital amplification for our events of such magnitude.”
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.
