Zee Entertainment has clarified its ongoing restructuring efforts, confirming a workforce rationalization of 15%. This move is part of an omni-channel approach to streamline business divisions and create a more agile organization. The company emphasized that these changes are based on business dynamics and are not a result of the failed Sony merger, aiming for enhanced efficiency and performance.
Clarification on Restructuring
Zee Entertainment Enterprises Limited has addressed concerns regarding its organizational structure. The company is actively re-modelling and integrating its business divisions as part of its omni-channel approach. This strategic move aims to foster a more agile and collaborative organization.
Workforce Rationalization
Zee Entertainment confirmed that it had submitted a press release on April 5, 2024, detailing plans to lean its organization. As part of this restructuring, the company has initiated a process of rationalization of its workforce by 15%. This optimization is based on business dynamics and is intended to enhance overall performance and has no connection to the failed Sony merger.
Source: BSE
