iWorld
OTTplay Premium and Jio Fiber announce strategic partnership to bring 19 OTTs to Jio set-top box users
Mumbai: OTTplay Premium, India’s first AI-powered OTT subscription, recommendation and content discovery platform, is pleased to announce a strategic partnership with Jio Fiber that will enable Jio set-top box users to access and watch 19 OTTs through the OTTplay app.
OTTplay Premium is renowned for its exceptional and diverse content, which is tailored to provide viewers with a personalized, seamless, and premium streaming experience. This integration, will enable Jio set-top box users to download the OTTplay app from the Jio Store and have access to popular OTT platform such as Sony Liv, Zee5, Lionsgate, FanCode and 15 others under one roof.
Commenting on the partnership OTTplay Premium co-founder and CEO Avinash Mudaliar said,” Our partnership with Jio Fiber is a strategic move to expand our reach and offer our finest content to a wider audience. Jio Fiber and OTTplay Premium are aligned with a vision to offer the best and quality content to their viewers and making it accessible with just a click away. We are delighted to be able to provide Jio set top box users with access to our extensive content collection, which includes over 20,000 hours of video, 50K+ titles and 19+ OTT platforms in a variety of languages and genres.”
He further added, “As per our data insights, India’s OTT market revenue is expected to reach US$5.3 bn by 2027 and this strategic partnership with Jio Fiber will help us capitalize on this growth and bring the best of entertainment to our customers.”
OTTplay Premium’s strategic partnership with Jio Fiber is part of its ongoing efforts to expand its reach and offer its premium content to a wider audience.
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.
