iWorld
MX Player announces strategic in-app partnership with ShemarooMe
MUMBAI: Since their launch in February 2019, MX Player – India’s leading entertainment streaming platform has emerged as the go-to entertainment destination with their offering of free multi-genre MX originals, vast library of 1,00,000 + hrs of online streaming content and audio music collection.
Expanding their catalogue and multiplying their genres, languages and formats, MX Player has announced a strategic in-app partnership with ShemarooMe. As a part of the collaboration, MX Player will stream high quality content from India’s leading content powerhouse, giving their 75 Mn Daily Active Users 24×7 access to Shemaroo’s vast library.
ShemarooMe is the over the top video streaming app of Shemaroo Entertainment Limited and is known for offering varied content spread across Bollywood, Gujarati, Marathi, Punjabi, Devotional, Comedy and Kids category that caters to the preferences of audiences of all age groups. ShemarooMe has made a mark in the OTT eco-system by offering a diverse range of content for its viewers across India and other global markets.
On the association, MX Player CEO Karan Bedi said, "We are very excited to be partnering with Shemaroo and bringing their diverse library of content to our millions of users. Our promise to our users has always been “Everytainment” and this amalgamation of forces is a great further step in that direction."
On the association, MX Player Head- Content Acquisitions & Alliances Mansi Shrivastav said, “At MX Player, we are always focused on building a deep & robust content offering for our user base. Given the large library of ShemarooMe, this association would be a win-win partnership for both partners, which would give the final consumer access to a vast and diverse content offering. This partnership will enable us to scale up in terms of genres & languages, and also paves the way for a healthy and sustained growth trajectory in the industry as well.”
Commenting on the association, Shemaroo CEO Hiren Gada said, “Shemaroo has always aimed at partnering with brands that promise greater outreach even beyond metros and with MX Player as a partner we aim to achieve the same by expanding our markets and reach. This partnership will help us engage with more audiences through our entertaining content which is sure to satiate the content cravings of any viewer.”
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.
