Join our Whatsapp channel
JioStar has announced a major workforce reduction following the Viacom18-Disney merger, affecting over 1,100 employees. The company has initiated layoffs across multiple departments, citing role redundancies as the primary reason for the decision. The restructuring process, which began last month, is expected to continue until June 2025.
Sources confirm that employees from distribution, finance, commercial, and legal teams are among those impacted. The layoffs span across all levels, from entry-level employees to senior directors and assistant vice-presidents. The merger has led to an overlap in responsibilities, making certain positions redundant, according to company insiders.
To support affected employees, JioStar has introduced severance packages ranging from six to twelve months’ salary, depending on tenure. The company has assured that all employees will receive fair compensation and assistance in transitioning to new opportunities.
The Viacom18-Disney merger has significantly reshaped India’s media landscape. While the consolidation has strengthened the company’s market presence, the cost-cutting measures have resulted in large-scale job losses. Industry experts believe that such layoffs were inevitable given the structural adjustments required post-merger.
Despite the layoffs, JioStar is expected to introduce new strategies aimed at maximising operational efficiency. The media giant remains focused on leveraging its combined strengths to maintain a competitive edge in the evolving entertainment sector.
This restructuring move marks a significant shift in India’s media industry, highlighting both the challenges and opportunities that come with large-scale mergers. Employees and industry stakeholders will be closely watching JioStar’s next steps as the transition unfolds.
