JioStar Layoffs: Over 1,100 Employees Laid Off After Merger

JioStar, a new joint venture between Reliance's Viacom18 and Disney India, is cutting over 1,000 jobs as part of restructuring.

About 1,100 employees are being laid off to remove duplicate roles. The job cuts, which started last month, will continue until June 2025, affecting corporate teams in distribution, finance, commercial, and legal departments.

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According to a media report, the layoffs will mainly affect finance, commercial, and legal teams, impacting employees from entry-level to senior directors.

JioStar offers generous severance packages, including six to 12 months' salary based on years of service. Affected employees will receive one month’s full salary for each year worked, plus a notice period of one to three months.

This comes three months after Reliance and Disney announced their media merger in November 2024. The joint venture was valued at $8.5 billion (INR 70,352 crore), with Reliance investing $1.4 billion (INR 11,500 crore) for growth.

Last month, JioStar launched JioHotstar by combining JioCinema and Disney+ Hotstar. Launched on February 14, it offers free access to shows, movies, and live sports for limited hours. Subscription plans start at INR 149, catering to different audiences.

The streaming merger marks a major shift in the OTT industry.

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