iWorld
Netflix’s dependence on India for growth may see more innovative experiments
MUMBAI: In the course of its three-year journey in India, Netflix has recognised that the rule to win Indian consumers is different. After foraying into the Indian market in 2016, the California-based streaming giant gradually reshaped its business model deviating highly from the one it follows in the US. From announcing a mobile-only subscription package to making the first episode of the newly-launched series Bard of Blood available for free for non-members viewing on Android devices, the streaming giant is not leaving any stone unturned to woo Indian consumers.
Back in 2018, Netflix CEO Reed Hastings, in his India tour, said that the streamer’s next 100 million subscribers will be "coming from India" given the fast growth of internet connectivity and usage. Although the progress for that statistic has not been revealed, the platform has created an impressive local content slate over the year. But with the amount of cash it’s burning every year, the company needs a higher number of subscribers from India, especially at a time when its domestic subscriber growth is reaching a saturation point.
In a market dominated by AVOD and freemium models, this free-like model of offering an episode of Bard of Blood for free is definitely an interesting move. It will not only help more viewers to taste the platform but also to attract them towards paid subscription. However, it is not clear yet if they will consider doing the same experiment for other films and series in future.
While the Indian over-the-top market is growing quickly, Netflix has strong local competition here. Among Indian viewers, Hotstar seems the most popular platform according to several reports. Sports content available on the platform has largely driven its popularity but it also has a special package of Hotstar VIP for newly-launched original content which is priced at a lower rate. Two other popular services, ALTBalaji and ZEE5, have struck various content deals. Moreover, most of the domestic players work on the freemium model with a massive catch-up content library. Netflix’s international rival Amazon is also investing highly in local content with its existing prime benefits. Hence, the way to the next 100 million subscribers is not an easy game.
Netflix has done another unusual experiment in terms of pricing recently. The platform unveiled its cheapest plan – Rs 199 a month only for smartphones and tablets – to penetrate deeper into the market. Studies have found that India prefers smartphones to laptops more than any other country in the world. It seems the platform has started focusing on bigger audiences going beyond the tier I premium segment. In its Q1 earnings call also, Netflix added that a lower price tier will be important to adding members in India.
"We've been seeing nice steady increases in engagement with our Indian viewers that we think we can keep building on. Growth in that country is a marathon. So we're in it for the long haul," Netflix chief content officer Theodore Sarandos said in an analyst call after publishing the Q2 results.
In addition to that, Netflix is also expanding its team with Indian executives who already have knowledge of the market. Netflix recently hired Monika Shergill as head of its Indian original programming, who was associated with Viacom18’s Voot and Star India. The platform also tapped another Voot executive Tanya Bami very recently. Last year, Netflix appointed two experts with vast knowledge of the Indian market, Shrishti Behl and Swati Mohan.
In the second quarter, Netflix saw its first major loss in US subscribers last and a mere 2.7 million paid customers added globally. While the platform added almost all new subscribers from international markets this quarter, it believes there’s still plenty of room to grow there. Netflix executives also emphasised on the importance of India, where the company expects significant growth. Moreover, when its domestic market is seeing the entry of streaming services from the house of Disney and Apple, more innovative measures can be expected in India.
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.
