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The paradox of AIAI's rapid integration into the IT sector has raised concerns about job displacement, particularly in India's outsourcing hub. While AI too...- Microsoft’s GitHub slashes nearly half of its India workforce, lays off 140The layoffs are part of a global retrenchment plan that the company had announced in February, a spokesperson told ET in response to querie...
- Meta now 'rescinds' full-time job offers amid recession fearsAs layoffs deepen in New Year, Meta (formerly Facebook) has reportedly rescinded full-time employment offers to some people, which is a fir...
- Invact Metaversity saga: Angel investor Gergely Orosz writes to shareholders about CEO Manish MaheshwariIn an email to investors of the company, Orosz said that Maheshwari wants ‘more equity than vested’. Maheshwari, the former Twitter India h...
- Invact CEO Manish Maheshwari reneged on agreement to leave startup: angel investor allegesETtech had reported on May 23 about an email that Pratap had sent to investors detailing the rift between him and Maheshwari and saying tha...
- Tech’s biggest losers in 2022What’s different this time is the companies getting battered are market leaders in their categories, not recent upstarts looking to cash in...
- Nykaa’s consolidated net profit falls 58%; Manish Maheshwari to quit Invact MetaversityNykaa has clocked steep declines in net profit in all three quarters since it went public.
- Cofounder Manish Maheshwari agrees to leave Invact Metaversity, Tanay Pratap to be CEO“I am moving out of Invact to first take a break for a few months and then pursue new opportunities. It is heartbreaking for a founder to l...
- Now, Google in talks to join ONDC; Purplle may raise fresh funds at $800 million valuationGoogle is also in talks to partner with ONDC, which it sees as a means of discovering businesses.
- E-commerce on the menu for Swiggy; some edtech startups stay bullish amid layoffs; Inventus rebrands to AtheraSwiggy, which earns 75% of its revenue from its food business, has been exploring options to increase its revenue stream from other vertica...
- Invact Metaversity angel investor says co-founder Maheshwari holding company hostageResponding to Maheshwari's series of Twitter posts, Orosz said, “I am an investor in @invactHQ. Contrary to what this thread says, the comp...
- Now, Sequoia cautions founders; Invact angel investor says CEO holding company hostage; and Country Delight valued at $615 millionSequoia Capital has issued another worldwide downturn missive cautioning its portfolio founders not to expect a speedy recovery from curren...
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