Zee Reduces Workers By About Half At Bengaluru’s Tech And Innovation Centre

Zee is locked in authorized battles over the failed Sony and cricket offers (Representational)Bengaluru: Zee Leisure on Friday mentioned it has decreased the workforce at its Know-how & Innovation Centre in Bengaluru by about half, following suggestions by a company-formed overview panel to chop prices. The choice was made by the managing director and chief government officer Punit Goenka, the corporate mentioned. The committee, comprising firm chairman R. Gopalan and audit committee chairman Prakash Agarwal, had recommended that Zee ought to considerably cut back losses in its companies, together with its English-language TV channels, and reduce prices in different areas to satisfy a key revenue goal, the broadcaster mentioned on Tuesday. The committee had additionally suggested halving the prices at Zee’s expertise and innovation centre in fiscal 2025, from the 6 billion rupees ($72 million) a 12 months again, the corporate added. Zee, moreover being locked in authorized battles over the failed Sony and cricket offers, has to additionally deal with new competitors after Disney and Reliance merged their Indian media property to create an $8.5 billion media behemoth.(Apart from the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)

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