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Zee to slash workforce by 15% in overhaul

The layoffs are expected to affect approximately 500 employees, of the total 3,437 permanent staff. The announcement comes within days of Goenka's decision to take a voluntary pay cut of 20%.

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Zee's Punit Goenka proposes to cut 15% workforce, eyes leaner organisation structure

The media company said that Goenka has 'initiated the process of rationalization of the workforce by 15 percent, that will prune the staff strength across the company.' The core business units of the proposed structure will include broadcast, digital, movies and music.

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Zee CEO Punit Goenka Takes 20% Pay Cut in Cost-cut Push

The pay cut comes as the broadcaster tries to trim losses in some of its businesses, including its English TV channels, and reduce costs to meet a key profit target, as instructed by a newly formed review panel last week

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Zee prunes its Technology and Innovation Centre by 50% to create 'cost-effective structure'

The restructured team at TIC will maintain a sharp focus on offering technology solutions to enhance content creation, distribution and monetization process, the firm said in a statement.

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ZEE constitutes independent committee to probe all charges raised by Sebi

Zee on February 23 formed an 'Independent Advisory Committee' headed by a retired judge to help restore shareholders' confidence that was shaken after Sony called off its merger due to differences with the media firm's top leadership, which is under the scanner for alleged fund diversion.

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MCA seeks info on Zee even as firm sets up panel to shore up investor confidence

On Friday, ZEEL said its board has constituted an independent advisory committee headed by Satish Chandra, retired judge of Allahabad High Court, to curb erosion of its investor wealth in the wake of speculations, leading to negative public opinion of the company.

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Zee in damage control mode, forms advisory panel to fix negative PR

Zee in an exchange filing said the panel will help the firm fix negative public opinon that led to 'erosion onf investor wealth'.

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Subhash Chandra, Punit Goenka may face Sebi questioning over 'fund diversion'

A June probe by the regulator found diversion to the tune of Rs 200 crore through related party transactions, a charge contested by Zee before the Securities Appellate Tribunal.

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