NDTV to reduce workforce by up to 25%

MUMBAI: NDTV Group is undertaking measures to prune its workforce by up to 25 per cent in a bid to bring down costs and improve profitability. The move is a part of turnaround plan that was tabled a few months ago. A part of this plan was implemented in the last  quarter  and  included the much-noted  move  to new  technologies,  including to  mobile journalism. 

The media company has pointed out that reporters  across  the country are now using mobile phones for the most efficient delivery of breaking news.

?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," NDTV's release to the BSE stated.

As a result, the company will minimise all ancillary businesses that NDTV  had  expanded  into   over   the   last  few years.  "Given our  reprioritisation, our  workforce has to be altered too. Over  the next  month, we are considering   reduction  of the  workforce by up to 25 per cent,? the release added.

When we reached out to NDTV, they declined to comment on the release.

Also Read:

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NDTV Digital narrows NDTV loss in second quarter

NDTV restructures biz & newsroom amidst reports of layoffs

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