iWorld
Hyundai Motor India Ltd to organise 2024 edition of ‘Hyundai Spotlight Concerts’
Mumbai: Hyundai Motor India Ltd (HMIL), India’s smart mobility solutions provider, announced the 2024 Edition of ‘Hyundai Spotlight Concerts’, a unique engagement initiative, exclusively for Hyundai customers in India. In its second edition this year, these live concerts will be organized across six cities including Chennai, Mumbai, Guwahati, Chandigarh, Bangalore and Ahmedabad, featuring some of India’s most renowned performing artists and musicians.
Commenting on this unique customer-centric initiative, Hyundai Motor India Ltd’s full-time director and chief operating officer Tarun Garg said, “At Hyundai Motor India Limited, we believe in going beyond transactional terms and fostering long-term and meaningful relationships with customers. As a lifetime mobility partner, the Spotlight Concerts are Hyundai Motor India’s way of celebrating the trust and strong bond that the brand Hyundai shares with its customers and stands as a testament to its ‘Customer First’ approach. With tremendous response to the first edition, I am confident the second edition this year will be a much bigger success and raise the bar.”
In its second edition, HMIL is taking ‘Hyundai Spotlight Concerts’ to the next level with a formidable line-up of renowned artists, trendsetting live performances, and specially curated customer experience zones across multiple cities. Hyundai customers can register themselves with up to four members to be a part of this captivating experience.
‘Hyundai Spotlight Concerts’ were first introduced in 2023 with concerts across four cities. The concerts were a huge success with more than 8,500 customers attending these live performances with their loved ones. In 2024, HMIL has already organized four such concerts in New Delhi, Kolkata, Lucknow and Kochi.
|
City |
Date |
Artist |
Venue |
|
Chennai |
September 14, 2024 |
Andrea Jeremiah |
Chennai Trade Centre, Nandambakkam |
|
Mumbai |
September 28, 2024 |
Shankar Ehsaan Loy |
NSCI Dome, |
|
Guwahati |
October 5, 2024 |
Papon |
Indira Gandhi Athletic Stadium, Nalapara |
|
Chandigarh |
October 19, 2024 |
Neha Kakkar |
Shalimar Ground, Sector 5, Panchkula |
|
Bangalore |
October 26, 2024 |
Shankar Ehsaan Loy |
Karnataka Trade Promoters Organization (KTPO), Whitefield |
|
Ahmedabad |
November 24, 2024 |
Sonu Nigam |
Vivenza by Gopi Farm, |
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.
