Zee Entertainment Enterprises (Zee) has initiated the process of slashing its workforce by 15% across functions as it looks to optimise costs and achieve its target of 20% EBITDA margin in 2025-26, the company said in a statement. The move is likely to impact nearly 700 employees, as the company employed 4,577 people as of …
Punit Goenka on Friday proposed implementation of a lean and streamlined management structure to the Board of Zee Entertainment Enterprises, to arrive at a cost-effective operational model with speed and agility as the core areas of focus. Goenka has also initiated the process of rationalization of the workforce across companny by 15 per cent in …
ZEE Entertainment Enterprises (ZEE), MD & CEO, Punit Goenka on Tuesday announced his decision to implement a 20 per cent reduction in his remuneration. “Frugality, Optimization and a Sharp Focus on Quality Content are the three key tenets of the plan implemented by Punit Goenka, to drive the company to the targeted goals; and the …
Zee Entertainment Enterprises (ZEE) has terminated 50% of its Technology & Innovation Centre (TIC) staff in Bengaluru to optimise costs and boost its operating margin, the company said in a statement. ZEE has also restructured the TIC and streamlined its scope of work following the board’s guidance. The ZEE board had recently asked the management …
Zee Entertainment Enterprises (Zee) is implementing a risk mitigation and business continuity plan to ensure that the company’s operations don’t get impacted due to external factors, including an adverse Sebi order against the company’s promoters, chairman R Gopalan told ET. Responding to a question about the likelihood of an adverse Sebi ruling against Zee CEO …
Zee Entertainment’s president and group chief technology officer Nitin Mittal has resigned as the company streamlines the vertical. The board of the company has accepted the resignation of Mittal, who was working in this role for the last two years, it added. This announcement comes amid strategic changes in the technology and data vertical, implemented …
Zee Entertainment Enterprises MD & CEO Punit Goenka has taken the first step to streamline the organisation by implementing strategic changes in the revenue vertical of the broadcast business. Under this new structure, Goenka will be directly working with the revenue teams. Ashish Sehgal, the company’s chief growth officer for ad revenue, will report directly …
Zee Entertainment Enterprises President Revenue Rahul Johri has quit the company as the entertainment major has implemented strategic changes to the revenue vertical of the broadcast business. Punit Goenka, MD and CEO of Zee Entertainment, will work directly with the revenue teams as part of the streamlining of the company’s operations. Ashish Sehgal, the company’s …
No one has asked the Zee board for a change in management following the failed merger with Sony and subsequent crash in share price, Zee Entertainment Enterprises managing director and chief executive Punit Goenka said in an interview in Mumbai. In the midst of a comprehensive assessment of the business, Goenka told Vinod Mahanta & …
Sony Group Corp. dodged a bullet when its lawyers nixed a $10 billion Indian merger that executives had spent two years trying to bring to fruition. The spurned target hasn’t been as lucky. Zee Entertainment Enterprises Ltd. has no other suitors on the horizon, and its founders’ mounting legal troubles are threatening to engulf the …