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LIVSPACE LAYOFFS
Jack Dorsey’s Block lays off 40% workforce; stock price vaults 22% in pre-market trading FridayThis follows other major tech firms, such as Amazon, Meta, eBay, and Livspace, announcing significant job cuts. The story has shifted from ...- Indian startups laid off over 4,500 employees since JulySince July, over 4,500 employees have been laid off across Indian startups as firms streamline teams, focus on profitability, and pivot tow...
- IBM CEO on AI disruption, stock slide; VCs cash in on D2C exitsHappy Wednesday! IBM CEO Arvind Krishna calls the recent stock slide an overreaction and lays out his view on India's AI push and job disru...
- Livspace CBO Lalit Mittal quits amid layoffs, cofounder exitHome decor startup Livspace’s chief business officer (CBO) Lalit Mittal has left the firm following cofounder Saurabh Jain’s exit. Mittal h...
- Lightspeed’s Ravi Mhatre & Bejul Somaia on India’s AI opportunity; The rise of NSFW appsHappy Monday! Lightspeed’s top brass has laid out the firm's AI thesis for India. This and more in today’s ETtech Morning Dispatch.
- Livspace lays off 1,000 employees, cofounder Saurabh Jain exitsA spokesperson for the Bengaluru-based startup said in a statement that the workforce reduction was part of a measured, phased transition a...
- Infosys axes fresh recruits; Delhivery Q3 reportIT major Infosys has begun laying off hundreds of employees who joined in October after a delayed onboarding. This and more in today’s ETte...
- Livspace’s reverse flip; Byju’s US lenders move SCHome decor startup Livspace is preparing to move its domicile back to India from Singapore. More on this and other updates in today’s ETtec...
- Homedecor startup Livspace revenue rises 85% in FY23, Ebitda loss narrowsThe company said it has cut down its Ebitda (earnings before interest, tax, depreciation and amortisation) loss in India to half. The Singa...
- Layoffs in 2023: Microsoft, Cognizant, Accenture among latest firms to cut jobs amid economic turmoilThe layoff wave has swept not only startups and mid-sized firms, but also big tech companies such as Amazon, Microsoft, and Google parent A...
- TikTok’s future hangs in balance amid possible US ban & other top tech stories this weekEarlier this week TikTok said it has more than 150 million monthly users (nearly half the population) in the US, up from 100 million just a...
- Bengaluru auto rickshaws ply despite strike against bike taxis; behind internet shutdowns in IndiaAuto rickshaws offered services during peak hours in Bengaluru despite being on a strike against ‘illegal’ bike taxis. The fight between ci...
- Exclusive: Byju’s offers to pay higher interest rate on $1.2B loan; Rajesh Gopinathan’s ops model may have led to unease at TCSHappy Monday. Byju’s has held discussions to pay higher interest rates to its lenders for the $1.2 billion loan the company picked up in No...
- Livspace layoffs: Home design startup cuts nearly half of tech, product rolesA total of 36 staffers, including software engineering developers and directors from a team of 80 have been asked to leave the company, sou...
- Hiring intent remains strong among startups despite job cuts: SurveyThere is likely to be a 20-25% increase in hiring of mid-to-senior talent by well-funded startups in ongoing quarter compared with a year e...
- Ahead of festive season, firms restore salaries back to pre-Covid levels amid economic recoveryMany companies, across sectors, had implemented pay cuts ranging from 5% to 50% and some even retrenched staff during the nationwide lockdo...
- Indian startups like Grofers, Zomato start restoring salaries after pay cutsWhile the country's economy has gradually begun to open up, albeit under a tight leash, the startups are beginning to reinstate the salarie...
- Ola fires 1,400, says revenues plunge 95% in two monthsOla — backed by global marquee investors including SoftBank, Tiger Global, Tencent, and Steadview Capital—employs about 4,000 people in its...
- Pay cuts, layoffs: Startup morale under lockdownOver the past 4 weeks, at least two dozen top companies have fired employees and contract staff.
- Flood of pink slips coming, warn startupsMuch of the layoffs will stem from distress sales and company closures.
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