New Delhi: News Broadcast Network NDTV has decided to trim its work force by 25% in next one month as part of a wider internal turnaround exercise to focus on its core English and Hindi news and digital content business.
Through this trimming exercise NDTV plans to minimise the ancillary businesses that it has grown over the last few years, the company said on Tuesday.
The company has said that it wants to move to new technologies including to mobile journalism and that its reporters across the country are now using mobile phones for the fastest and 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,” the company said in a filing to the stock exchanges.
“This means minimizing all ancillary businesses that NDTV had expanded into over the last few years. Given our repriortization, our workforce has to be altered too — over the next one month, we are considering reduction of workforce up to 25%. We thank these departing employees for their contribution and hardwork,” it said.
NDTV kept down sizing its operations in various sectors as part of its cost cutting initiative. However in July, it was reported that the company had fired over 100 camerapersons and technical staff as it had planned to move to mobile journalism.