Layoffs took place at Web18 last Friday, MediaNama has learned from multiple internal sources, according to whom, the number of layoffs is between 50-70. This is a part of the restructuring exercise taking place at the TV18 group, wherein operations are being synergised between TV and web, with an integrated newsroom approach. As a result, the content teams have been affected the most, sources say. From what we have heard, In.com has been impacted the most, followed by MoneyControl.com, the groups flagship financial portal linked to CNBC-TV18, and the tech portal Tech2. This follows around a week after TV18 is reported to have laid off a significant number of employees from the TV business. The Hoot also reported earlier about layoffs at Network18's web properties. Please note that, at the time of writing this post, Web18 CEO Lakshmi Narasimhan, FirstPost CEO Durga Raghunath and IBNLive CEO Rajan Srinivasan were unavailable for comment. When we had previously contacted Narasimhan about Web18 (when TV18 had laid off people), he had asked us to contact Saket Saurabh, GM Corporate Development at Network18. Multiple attempts to contact Saurabh since Friday, have yielded no response. We haven't heard back from Network18 CEO B. Saikumar and COO Ajay Chacko either. Editorially, Moneycontrol is being synergized with the TV unit (CNBC-TV18), and the group is not looking for separate reporters for Moneycontrol, three sources said, while two others have said that around 40% of Moneycontrol's staff has been laid off. Operations of FirstPost and the Network18's UK based News…
- India’s Health Stack: Plans for “Single Source Of Truth” January 30, 2023
- Twitter plans to limit permanent account suspensions on its platform January 30, 2023
- What’s the deal with Andhra Pradesh’s new family doctor system? January 30, 2023
- Supriya Shekher on Rethinking Privacy Mandates In Antitrust Law | Meta India Tech Scholars 2021-22 January 30, 2023
- Private Explosives Manufacturer Hired By Defence Ministry Hit By Suspected Ransomware Attack January 30, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...