NDTV said it has decided to fire up to 25% of its workforce over the next one month to focus more and more on its core news business.
The fired employees are currently engaged with the company’s non-core operations.
“As intimated earlier to the exchanges, NDTV Group had initiated a turnaround plan to bring down cost and improve profitability,” it said.
“The strategy we are adopting calls for a far leaner operation which will feed only our core business: our English and Hindi news channels, and NDTV Convergence and its digital teams that run our news and other apps and websites,” it said.
“This means minimizing all ancillary businesses that NDTV had expanded into over the last few years. Given our repriortization, our workforce has to be altered too — over the next one month, we are considering reduction of workforce up to 25%. We thank these departming employees for their contribution and hardwork,” NDTV said.
NDTV to lay off 25% of workforce in one month | Ultra News
The fired employees are currently engaged with the company’s non-core operations.
“As intimated earlier to the exchanges, NDTV Group had initiated a turnaround plan to bring down cost and improve profitability,” it said.
“The strategy we are adopting calls for a far leaner operation which will feed only our core business: our English and Hindi news channels, and NDTV Convergence and its digital teams that run our news and other apps and websites,” it said.
“This means minimizing all ancillary businesses that NDTV had expanded into over the last few years. Given our repriortization, our workforce has to be altered too — over the next one month, we are considering reduction of workforce up to 25%. We thank these departming employees for their contribution and hardwork,” NDTV said.
NDTV to lay off 25% of workforce in one month | Ultra News