iWorld
Pretoria Capitals announces four sponsors ahead of inaugural season of SA20
Mumbai: The Pretoria Capitals, a JSW-owned franchise, has announced its sponsors for the inaugural season of the SA20. Dafabet, Greenpanel, Vision11, and Jacaranda will be on the Pretoria Capitals’ match and training jerseys during the course of the tournament.
Online betting company Dafabet has been named the title partner of the team for the upcoming season. As a part of the association, Dafabet’s logo will be seen on the front of the Pretoria Capitals’ match and training jerseys.
Dafabet head of sponsorships John Cruces said, “We’re very happy to be partnering with the Pretoria Capitals in the inaugural season of the SA20. We really believe the tournament is going to be a success and expect to see it continue for many years. We wish the team the best of luck for the tournament.”
Meanwhile, fantasy sports platform Vision11 has come on board as the official partner. Vision11’s logo will feature on the side of the team’s cap as a part of the partnership.
Vision11 director Parth Rawal said, “This opens up a brand new horizon for us. We are delighted to sponsor a top T20 franchise like the Pretoria Capitals. The SA20 is a great concept and I’m sure together, we will reach greater heights.”
The Pretoria-based team have also signed Greenpanel as co-partner and Jacaranda as their official radio partner. While Greenpanel’s logo will be sported on the top right of the chest, Jacaranda’s logo will be seen at the back of the team’s camp and helmet.
Pretoria Capitals CEO Dhiraj Malhotra said, “As we embark on a new and special journey, we are delighted to have Dafabet, Vision11, Greenpanel and Jacaranda as our partners for the SA20. All our partners will certainly help us accentuate the Capitals’ brand as we expand our footprint outside of India. We look forward to working closely with our partners to achieve our desired objectives.”
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.
