iWorld
YouTube fanfest returns to India for 3rd edition
MUMBAI: Youtube Fanfest is back in India for a third time and how! On its third edition now, the mega celebration boasts of a 30 artists line up of digital artists and content creators, who will take centre stage on 18 March 2016 in Mumbai. The show will be co-produced by Only Much Louder and Branded, and has Pepsi, Pantene, Amazon.in and Clean and Clear as sponsors, with Pepsi coming onbaord for the second time. Star acts include SuperWoman aka Lilly Singh, Kanan Gill, Connor Franta, SANAM, TVF and AIB
Sharing his excitement over the fest, YouTube India head of entertainment and content Satya Raghavan said, “India has undergone a content creator revolution. Over the last few years, Indian YouTube creators have gained millions of new subscribers and have taken over the imagination of the youth in India. In our view, 2015 was a breakout year for the young industry and the ecosystem has really evolved in India, with mobile driving massive growth for online video consumption. Now, we’re seeing online creators break open the gates for a whole new kind of entertainment for Indians online, with advertisers looking to tap into this space in a meaningful way.”
While the idea is to reach out to maximum number of people and inspire them to not only celebrate the existing content creators, but join the community as well. YouTube is banking on organic promotion of the show through artists and their subscribers. “It is largely organic. Several thousands of content creators put out videos on their channels, and they have their millions of subscribers, who themselves have their own social media platforms to put the word across. We don’t think we need any more marketing,” said Raghavan.
About the booming digital content industry and the mushrooming of OTT players across the board Ragahavan said, “I think it’s great that more people are doing things around video. It will only expand the pie. Especially with bandwidth opening up in the country hopefully thanks to the several 4G services. It is an exciting time for content creators and video content consumers to be in India.”
Making the most of the platform, Culture Machine, OML, Qyuki, and The Viral Fever (TVF) also announced four new original properties on YouTube. Firstly #LaughterGames, where nine comedy creators will launch their own comedy web series, featuring YouTube comedians such as East India Comedy, Put Chutney and Kenny Sebastian. Qyuki will launch Jamminin’, a show featuring Bollywood composers and YouTube music creators. In the coming months, Culture Machine will be launching Beauty Hunt, a beauty/style-centric program, while OML will launch season 2 of its successful Comedy Hunt, the search for India’s next comedy act, while veteran web show creators TVF will be launching a search for the next generation of web series creators. A Tamil Comedy Hunt with Vision Time, a Telugu Comedy Hunt with ETV, and Katha, a Tamil/Telugu web series property are some of the launches that can be expected from south India later in the year.
To reflect on YouTube’s growth in India Raghavan shared some data: “While overall watchtime in India has grown by 80 per cent YoY (with 55 per cent of that watchtime on mobile) and the hours of video uploaded from India has increased at 90 per cent YoY, content uploaded by India’s independent creators has risen especially quickly. For instance, watchtime of independent musicians grew over 92 per cent YoY; comedy and entertainment grew 100 per cent YoY; beauty and fashion videos have grown over 138 per cent YoY. Another notable area of watchtime growth came from the south, with Tamil and Telugu content seeing a 75 per cent spike in YoY growth.
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.
