Zee is locked in authorized battles over the failed Sony and cricket offers (Representational)
Bengaluru:
Zee Leisure on Friday stated it has lowered the workforce at its Expertise & Innovation Centre in Bengaluru by about half, following suggestions by a company-formed evaluation panel to chop prices.
The choice was made by the managing director and chief govt officer Punit Goenka, the corporate stated.
The committee, comprising firm chairman R. Gopalan and audit committee chairman Prakash Agarwal, had instructed that Zee ought to considerably cut back losses in its companies, together with its English-language TV channels, and lower prices in different areas to fulfill a key revenue goal, the broadcaster stated on Tuesday.
The committee had additionally suggested halving the prices at Zee’s know-how and innovation centre in fiscal 2025, from the 6 billion rupees ($72 million) a yr again, the corporate added.
Zee, apart from being locked in authorized battles over the failed Sony and cricket offers, has to additionally take care of new competitors after Disney and Reliance merged their Indian media belongings to create an $8.5 billion media behemoth.
(Apart from the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)