iWorld
ZEE5 MAU touches 76.4 mn in Q1 of FY 20
MUMBAI: Media conglomerate Zee Entertainment Enterprises Ltd’s (ZEEL) digital arm ZEE5 continues its growth in user base reaching 76.4 million monthly active users (MAU). ZEEL in its first quarter financial result of FY 20 revealed the MAU of the streaming platform as of June 2019 while it had 61.5 million MAUs in the quarter ended March 2019.
The streaming service had a global daily active user base of 6.6 million in June. It has also witnessed a hike in user engagement as users spent an average of 33 minutes per day on the platform in contrast to 31 minutes per day in the last quarter.
During the quarter, ZEE5 launched 18 Original shows and movies including seven in regional languages. The company said that many of the shows helped ZEE5 to grow its paid subscriber base. The streaming service also entered into new partnerships with Hathway and ACT Fibernet in the quarter to offer bundled package to consumers. Moreover, ZEE5 also tied up with players in the online ecosystem like Myntra, Qwikcilver, Netmeds and Gaana.com.
“ZEE5 continues its strong run and is working towards achieving its aim of becoming India's # 1 digital entertainment platform. In the international markets, it has seen an encouraging response in the initial phase. I am confident that with its strong content line-up and partnerships with leading players in the digital eco-system, value proposition of the platform and engagement with the consumers will continue to improve," ZEEL MD and CEO Punit Goenka commented in the earnings release.
Along with the expansion in the domestic market, ZEEL is looking at an international expansion of its digital business as well. Following the launch in priority APAC markets, ZEE5 commenced marketing activities in the neighbouring countries to leverage its language and content affinity. To tap into the existing demand for Indian content in several markets, it also soft-launched dubbed content in five international languages. Moreover, the roll-out in APAC will be followed by MENA, Europe, Canada and Caribbean markets.
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.
