Disney India is planning to reduce its headcount, confirm industry sources.
exchange4media was also the first to report the exit of Nikhil Gandhi, VP and Head of Revenue Media Networks, Disney India.
Nikhil Gandhi quits as VP and Head of Revenue Media Networks Disney India
Sameer Ganpathy also exited his role as head of Interactive last month.
Insiders confirmed to exchange4media that Disney India is significantly pruning down its work force from 750 to 350; sources also indicate that significant downsizing is likely to happen from UTV.
The company is clearly redirecting its focus from Bollywood production business to its consumer products business.
The mandate for the captain of the ship Mahesh Samat, Managing Director, Disney India who donned the leadership role in October last year is to optimise costs and turnaround the operation. As a consequence, we could expect a number of operations to be outsourced resulting in a leaner and tighter organization.