Sony Pictures India to Cut 100 Jobs, Reshuffle Leadership Amidst Business Recalibration

• Sony Pictures Networks India (SPIN) plans to lay off over 100 employees and reshuffle its top management.
• The move is part of cost-cutting measures and a business recalibration due to tough market conditions.
• Net profit nearly halved to Rs 456 crore from Rs 843 crore in FY25, with revenue dropping 4.4 percent.
• Most layoffs will affect post-production work for SonyLIV, with other cuts in marketing, ad sales, and BONE.
• This is the first major recalibration under new CEO Gaurav Banerjee, facing declining TV viewership and insufficient digital revenue.

Why It Matters: Sony Pictures India is cutting jobs and restructuring leadership to adapt to challenging market conditions.