iWorld
Netflix emerges as largest OTT beneficiary during lockdown: report
MUMBAI: With the first phase of the lockdown coming to an end, it has become evident that the over the top (OTT) streaming industry has picked pace. It is, perhaps, one of the few industries that will emerge positively out of the economic impact of this pandemic. Streaming colossal Netflix has emerged as the largest beneficiary among OTTs.
According to a report from KalaGato, which takes into account the lockdown period of 5 February to 29 March, Netflix users have been spending an average of eighty minutes a day on the platform by the time the lockdown was in place. Recently, the streaming service, which is still considered as a premium, has churned out original episodic content as well as digital movies which have gained word of mouth like Jaamtara, Taaj Mahal 1989 and Yeh Ballet.
“Juxtapose this with Hotstar that has experienced a thirty per cent decline in total session time. This could be a result of the different content libraries of the two platforms. Netflix creates the sensation of an endless well of content while Hotstar’s library feels much more limited. Netflix is built for binge-watching while the other feels more point and shoot,” the report added.
In the same period, the open rate of Netflix and MX Player went up by 68 per cent and 18 per cent respectively. Both platforms have seen an increase in daily active users as well. Netflix’s DAU has jumped by 102 per cent whereas MX Player has experienced a 14 per cent spike. Despite a falling open rate, Amazon Prime Video which has recently pushed some of its premium content before the paywall, has gained 83 per cent more DAUs.
On the other hand, the leader in the Indian OTT space has witnessed a fall in both DAUs and open rates by 55 per cent and 43 per cent respectively. The report attributes the weaker performance of Hotstar to the absence of a sporting event, the USP of Hotstar’s popularity. However, the case may change soon with the launch of Disney+ in India as the rebranded Disney+Hotstar service already has around eight million subscribers.
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.
