iWorld
Indians lead amongst 70 mn global OTT account password sharers
MUMBAI: Indian streaming service subscribers lead the world in lending their accounts to others who don’t have one, says a report by market research firm Ampere Analysis. Next in line are OTT subs in Netherlands and France with the Japanese expectedly being the country where the least number of users borrow OTT accounts. The UK, China and Indonesia are nations where account borrowing is growing the fastest.
That’s good news and it’s bad news too. It clearly shows how much in demand, the content on streaming services is; it’s bad especially for SVOD platforms as they are losing subscription revenue on account of this tendency.
Ampere estimates there are 70 million households in 22 countries who are borrowing one or more accounts. It also stated that the trend has picked up in the past 12 months, with the growth in popularity of existing services and the launch of new services from eight per cent of global internet users in Q1 2019 to 11 per cent in Q1 2020.
The market research firm expects this tendency to increase with the proliferation of OTT services worldwide.
Ampere further highlighted in the report that SVOD service providers should see the glass half full not half empty as far as the borrowers are concerned. There’s a possibility to convert some of them into subscribers. Reason: almost three-quarters of them representing 50 million subscribe to at least one OTT service and more than two-thirds of them have pay TV at home. Additionally, half of these borrowers acknowledged that they would not mind paying extra for something that gives them exactly what they want.
And guess what, a large subset of borrowers are viewing mainly sports and that too for specific periods during the seasons when their favourite games are aired.
Netflix has raised concern about shared accounts in the past. In a Q3 2019 financial investor call interview in October 2019, Netflix chief product officer Greg Peters had observed that the streamer was looking at consumer-friendly ways to push back at the edges of password sharing.
Some surveys have revealed that just under 10 per cent of Netflix subscribers are not paying for their accounts, even as millennials are rampantly sharing their passwords around. Estimates are that the loss accruing on account of this, to Netflix, would be in the region of $150 million every month.
That is not something anyone can sniff at.
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.
