Television network and media house NDTV said that it will be considering reduction of its workforce by 25%, the company informed the stock exchanges. The company said that the layoffs were part of NDTV's turnaround plan for profitability and it will be only focusing on its core business - English and Hindi news channels, NDTV Convergence and the digital teams associated with running the news websites and apps. The company added that part of the plan was implemented when around 70 staffers were laid off in June as part of its focus to bring mobile journalism. It was reported that camerapersons and supporting staff were laid off as part of the effort. Meanwhile, in journalist WhatsApp groups, an internal email from newly appointed CEO Suprana Singh was circulated which said that the digital business remains profitable and the company will be launching new products and sites. It added that severance packages have been organized for affected employees and heads of departments and human resources were helping with finding jobs elsewhere. Meanwhile, the email added that top management has taken a pay cut. "Several verticals that were created around similar functions have been merged and are already working together for increased efficiency. We have a new team handling Sales and Revenue to give us a head-start on our path to profitability," it read. Note that MediaNama was unable to verify the authenticity of this email and has written to the company for confirmation as well. Financials NDTV’s digital business reported profits of Rs…
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