wordpress blog stats
Connect with us

Hi, what are you looking for?

Times of India Group To Lay Off Around 5% Staff Across Businesses

IMPORTANT UPDATE

While we enourage an healthy debate on the layoffs, please ensure that you don’t make any personal remarks against any individuals or slanderous remarks about the organization. We already have removed some comments, and may have to remove others. You may question certain policies and decisions, but please ensure that you don’t say anything slanderous. Please be civil.

*

Original story: High level sources from Bennett, Coleman and Co, Ltd. (BCCL/Times of India Group) have indicated that the group plans to lay off approximately 5 percent of its staff. The layoffs will be across businesses, including print, radio, Television and Internet, and across functions – whether editorial, finance, marketing or IT. In case of print, Times of India alone employs around 1000 people, so around 45-50 will be laid off. Indiatimes also employs around 900 people. Since morning we’ve heard rumours of between 600-1500 in all being laid off…doesn’t appear to be as bad as rumoured.

The layoffs haven’t begun yet, but pink slips will be handed out soon. We haven’t been able to ascertain what kind of a deal they’ll be getting. 

From a digital media perspective, it’s important to note that both Times Internet Ltd (Indiatimes) and Times Business Solutions Ltd (TBSL) will be impacted. 

We have not been able to confirm whether BCCLs latest television initiative, Economic Times TV (ET-TV) will be put off due to high costs.

The Times of India group is the largest media house in India, with publications including the Times of India, The Economic Times, Navbharat Times, Mumbai Mirror, Maharashtra Times, Bangalore Mirror, radio channels Radio Mirchi, TV channels Zoom nd Times Now, and magazines including Femina and Filmfare. Their online portfolio includes Indiatimes, online remittance business Times of Money, and classifieds businesses Times Jobs, Simply Marry, Magic Bricks. Earlier this year, the Times Group had bought Virgin Radio, which was rebranded as Absolute Radio.

Update: More inputs coming in – from what we’re told, Times Business Solutions Ltd (TBSL), which employs over 1000 people, is among the worst hit by the downturn; there’s a list that’s been prepared for layoffs at Times Jobs, and the number is expected to be upwards of 150.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

There is no clarity on which ministry or Indian government representative signed the international statement on end-to-end encryption (E2E) and public safety — that...

News

The Indian government has amended the internet shutdown rules, formally known as the Temporary Suspension of Telecom Services Rules, to restrict the validity of...

News

Mobile number porting requests increased by 28.7% to 7.53 million requests in July 2020, compared to 5.85 million porting requests reported in June 2020....

News

While Reliance Jio added 2.5 million active connections in July, Vi, formerly Vodafone Idea (down 3.8 million) and Airtel (down 0.45 million) saw declines....

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ