The silent layoffs are over, the big boys have begun laying off employees. In the hundreds. Last night UndieTV laid off 114 people - mostly from the defunct MetroNation Delhi channel (that said, their tie-up with the Kasturi's for MetroNation Chennai goes on apace) but there were some lay-offs from 24x7 and India as well. At Times Of India, following the depressing 30 per cent pay cuts which has several employees rather pissed off (whenever I meet a Times reporter at a Presser all they can do is bitch out their employer - so much for employee satisfaction) they have also been layoffs - 87 people across the country have been let go. Of course, there are still lack of mad people at Times though, because according to this post they want to sell a stake in their Broadcast operation valuing at $200 million. Which is a lot more than the other, much larger networks, are worth. Just to see Arnab screaming and shouting and being put in his place by various Pakistani journalists.
This is the start of the high profile editorial lay-offs, hudreds of people in ad sales and marketing functions across channels have been laid off over the past few months as well. If you have any news about lay-offs or were laid-off yourself email me at presstalk (at) gmail (dot) com or just leave a comment. That said, I will not publish libellous or derogatory comments. If you feel treated unfairly, you are a journalist so you should be able to put it into words properly.