[caption id="attachment_4152" align="alignright" width="220" caption="NDTV Group CEO KVL Narayan Rao"][/caption] Subsequent to NDTVs announcement of financial results for the year ending March 31st 2008, wherein the company announced plans for a 20% reduction in workforce and costs, we spoke to KVL Narayan Rao, Group CEO for NDTV about the layoffs, performance of NDTV Convergence, impact on the launch of Metro Nation (Chennai), and carriage fees: How much of the manpower reduction has already been achieved? Quite a large number. Earlier in the last quarter, we put NDTV MetroNation Delhi into...we just do an uplink of a repeat channel; there's no live programming. Approximately 100 people in two tranches - of 36 and around 65 - were requested to go. Then at NDTV Ltd, over the last month or more, around 65 people have left. The overall cut will be approximately 250 people. We can't be very clinical about this - we're a compassionate organization, so when we take an exercise like this, it goes completely against our grain - it's not something that we like doing. It has to be done in a humane and gentle way, keeping in mind the other persons needs and the psychological impact of the communication. What sorts of costs has the company incurred on account of the layoffs? Under personell costs, we have something close to Rs. 7.83 crores, which is a provision towards severence payment. As we go through the severence, people will be paid out of this number. Moving forward, the impact…
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