Over a hundred positions have been eliminated at Sony Pictures Networks India (SPNI) due to a reorganisation. Approximately 10% of its employees might be impacted, according to media sources. In a challenging advertising climate, layoffs are part of a larger effort to rationalise costs.According to the sources, the layoffs affected more than just SonyLIV, the company’s digital streaming business; they affected many areas. Those in charge of distribution and channel marketing, among others, were asked to leave. Beyond that, there were VP-level employees who planned to leave by the month’s end.Layoffs were Long PlannedThe layoffs come after media houses reported that 180–200 SPNI workers would be affected by the company’s reorganised structure. The ultimate tally might be lower, according to certain internal estimations. Nonetheless, out of an estimated 1,200 employees, media reports indicated that the rationalisation could impact around 150 of them.There will be severance payouts for affected employees that are tied to tenure and structured on a months-of-pay basis. When asked for a formal statement, SPNI declined to speak with the media queries. When news outlets initially reported on the possible layoffs, the broadcaster characterised the numbers as “speculative and baseless” but did not completely exclude the possibility of… Read MoreStartupTalky- Business News, Insights and Stories
