India Today Layoffs: Nearly 120 Employees Asked To Resign in ‘Restructuring’, Says Report
Around 120 employees at TV Today Network were asked to resign between July 20 and 24 amid company restructuring, reports Newslaundry. The cuts primarily affected the Aaj Tak Hindi web team, camera crew, graphics, and video editors at the Noida office. The move follows an 81 percent drop in net profit for the media group last year.
TV Today Network Limited, the media conglomerate behind prominent news channels including Aaj Tak and India Today, has asked approximately 120 employees across multiple departments to resign, according to a report by Newslaundry. The staff reductions reportedly took place between July 20 and July 24, 2026, primarily affecting workers at the organization's office in Sector 16, Noida. Affected employees described an abrupt exit process where they were called into individual meetings with management and human resources and instructed to submit immediate resignations. Layoffs 2026: List of Companies That Laid Off Massive Workforce Due to AI.
Abrupt Resignation Requests Across Departments
According to Newslaundry, the workforce reductions impacted a wide range of verticals within the company. The majority of the affected staff belonged to the Aaj Tak Hindi website team. Cuts were also reported across camera operations, video editing, graphics teams, fact-checking, the Data Intelligence Unit, Aaj Tak Radio and the India Today English web team.
Employees interviewed by Newslaundry stated that they were summoned to ground-floor conference cabins shortly before or during their regular shifts. Upon arrival, managers and HR representatives informed them that their roles were being eliminated as part of an internal restructuring exercise. They were asked to submit their resignations on the spot via Keka, the company’s HR platform, surrender their laptops and identity cards, and leave the premises immediately. ESPN Layoffs: Ryan Clark Breaks Down in Tears After Abrupt Network Exit.
Anmol Kumar Mahto (name changed), who had worked for two years on the Hindi website team, said he was told: "Today is your last day. Please submit your resignation." He was called to a ground-floor cabin with his manager and an HR representative. Settlement papers were already prepared. He submitted his resignation, handed over his laptop and ID card, and left.
In several instances, departing workers were barred from returning to their desks or meeting with colleagues before leaving the building. Staff returning company assets on subsequent days were reportedly asked to hand over equipment at the security gate.
Raju Dev (name changed), who said he had been with Aaj Tak for 13 years, described a similar experience. "I arrived at the office on Thursday. I had no idea that such an incident was about to occur. I was working when, like the others, I was asked to come downstairs. I was told to resign right then and there. No concrete reason was provided. After I submitted my resignation, my laptop and ID card were taken away, and I was told to leave," he was quoted as saying.
"I dedicated over 13 years of my life to this organisation, yet I wasn’t even allowed to meet my colleagues… I quietly returned home… They aren’t even giving a reason. If my performance had been poor, how would I have worked here for 13 years? I feel cheated," he added.
Terms of Departure and Compensation Differences
Newslaundry reported that employees who complied with the request to resign were offered two months of full salary as compensation. In contrast, those who refused to submit voluntary resignations faced formal termination, which carried a payout limited to two months of basic salary.
Long-serving employees expressed shock over the sudden departures, noting that expected annual performance appraisals had not yet been circulated. Staff members spanning various pay grades were affected, ranging from senior employees to mid-level and junior workers earning approximately INR 30,000 per month.
Financial Context and Profit Decline
The downsizing comes amid financial headwinds for TV Today Network. In the preceding financial year, the company recorded an 81 percent plunge in annual net profit, which fell to approximately INR 14 crore. Total revenue also contracted by 19 percent to roughly INR 807 crore.
Industry factors contributing to the decline included a slowdown in advertising revenues, elevated restructuring expenditures, and ongoing operational losses within its radio business division. Senior internal sources cited in the report indicated that management had previously deferred planned cost-cutting measures last year before proceeding with the current round of layoffs.
The report further noted that six team members associated with India Today magazine were previously let go in late May using a similar procedure, raising concerns among remaining personnel that additional staff reductions may follow.
As reported by Newslaundry, inquiries sent to TV Today Network’s HR department, News Director Supriya Prasad, and Group Consulting Editor BV Rao regarding the layoffs and future restructuring plans received no immediate response.
(The above story first appeared on LatestLY on Jul 28, 2026 01:54 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).