iWorld
Netflix India’s Abhishek Nag on streaming challenges, connected TVs and local stories
MUMBAI: Internet network speed hasn’t kept pace with the growth of internet adopters in India. Hence, streaming giant Netflix, which sees the potential of its next 100 million subscribers from this country, is heavily investing in compression technology to provide good viewing experience of high quality video even without a fast connection. Along with that, the OTT platform is highly committed to delivering locally relevant stories.
“There was a time when if you watched a high quality video on Netflix you will be on a 750 kbps connection. Today you can watch extremely high quality video on Netflix at 270kbps. You can do this because we invest significantly on compression technologies,” Netflix India business development director Abhishek Nag said while speaking at The Future Of Video India 2019 summit organised by the Asia Video Industry Association (AVIA).
Nag also emphasised on the importance of connected TVs as the partner of the OTT platform. Although handheld devices have emerged as the most popular medium to consume digital content, the Netflix executive said that users are gradually watching the streaming platform on large screens. He added that 42 per cent of accounts’ primary viewing in India became connected TVs within six months of activating subscription for the first time. Even broadband partnerships are extremely important for the company to provide a good viewing experience.
According to him, the dichotomy between OTT and broadcaster is outdated now. He opined that the industry today is bifurcated as content creators and distributors. Rather than the medium and the delivery pipe, consumers ultimately care about content.
Nag also reiterated the importance of locally relevant stories. Along with Sacred Games’success outside India, he also cited the example of Dark which had a successful run in its home country Germany but garnered more viewership across the globe. According to him, as the company continues to diversify content and personalise the service people will see value in subscribing.
When it comes to the issue of censorship, which has become the centre of attraction for regulation since last year, OTT players teamed up to create a self-regulation code. Nag is of the view that the code balances creative freedom and expression along with getting consumers' choice to watch what they feel is right.
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.
