JioStar, the media powerhouse formed from the Reliance-Disney merger, is set to lay off nearly 600 employees nationwide, sources confirmed to exchange4media. The job cuts, impacting staff from both Reliance and Star, are part of a sweeping post-merger restructuring, aimed at streamlining operations and eliminating overlapping roles in what is now India’s largest media and entertainment entity.
“In any large-scale merger, redundancies are inevitable, but the company is taking active measures to minimise the impact on affected employees,” a source familiar with the matter said.
As part of its efforts, JioStar is partnering with an outplacement agency to help employees secure new opportunities. Additionally, the company has assured that insurance coverage and hospitalisation benefits will remain valid for the duration of the existing policy period.
JioStar has also announced what sources describe as one of the best severance packages offered by any Indian company, ensuring financial support for those impacted.
Impacted employees stand to receive as much as 15 months of their salary as severance with a minimum payable amount of 9 months salary. Employees who have not yet completed five years of service will receive gratuity on a pro-rata basis.
Wherever possible, the company is looking to absorb affected employees into other Reliance group companies, with a focus on tech teams, to minimise job losses within the larger ecosystem.
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Reliance-Disney merger, finalised in early 2024, created India’s largest media and entertainment conglomerate. The consolidation was aimed at scaling up operations, reducing costs, and strengthening market leadership in digital streaming, sports, and general entertainment content. However, with overlapping roles and resources, restructuring became inevitable.
While this marks a challenging phase for JioStar, the company is positioning itself for long-term efficiency and profitability.
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