Sony Pictures India Slashes 10% Workforce Amid Cost Reset, BCG Audit

• Sony Pictures Networks India (SPNI) plans to cut approximately 10% of its workforce, impacting around 120 employees across India.
• The decision follows a comprehensive internal audit by Boston Consulting Group (BCG) aimed at streamlining costs and improving operational efficiency.
• Restructuring seeks to identify redundancies, rationalize content expenditure, and address inefficiencies across linear TV and SonyLIV.
• The move comes amidst slowing revenue growth, rising content costs, and recent leadership changes, including Danish Khan's departure.
• Cost optimization is part of a broader effort to future-proof the business as traditional TV growth moderates and digital monetization faces pressure.

Why It Matters: SPNI is cutting 10% of its staff to streamline costs and boost efficiency after a BCG audit.