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POLYGON LAYOFFS
More than 30,000 tech employees lose jobs globally in first month of 2024Tech companies, including startups, around the world fired more than 425,000 employees in 2022 and 2023, with more than 36,000 employees be...
Want India to lead protocol development in Web3, says Polygon’s Sandeep NailwalPolygon will zero in on protocol developers as part of its recently announced grant that seeks to attract Web3 startups to its ecosystem, w...
Allen acquires edtech startup Doubtnut in fire sale; Spotify’s latest layoffsAllen Career Institute has bought edtech startup Doubtnut in a slump sale. This and more in today’s ETtech Top 5.
Why PhonePe-ZestMoney deal fell through; top leadership changes at Swiggy InstamartPhonePe has walked away from buying cash-strapped buy-now-pay-later (BNPL) startup ZestMoney amid due diligence concerns, per multiple peop...
Age of consent fixed at 18 in data protection law; growth at all cost not a sustainable strategy: ShareChat CEOAfter elaborate discussions with stakeholders, the Digital Personal Data Protection (DPDP) Bill has fixed the age of consent at 18. This wo...
Polygon lays off 20% staff as crypto blues continueThe development comes at a time when the cryptocurrency sector has been witnessing a prolonged down-cycle.
Crypto Price Today Live: Bitcoin below $16,900; Tron falls over 7%The total volume in DeFi is currently $1.90 billion, 6.90% of the total crypto market 24-hour volume. The volume of all stablecoins is now ...
FTX failure wipes out over $150 billion from crypto m-cap; gloomy road for the rattled investorsCoinDCX Research said that Sam Bankman-Fried’s FTX worries about how FTX's liquidity and solvency problems raised questions about the healt...
Google-Facebook ad duopoly continues; Ajit Mohan quits Meta to join SnapGoogle and Facebook combined posted a 77% year-on-year jump in their ad sales last fiscal while the equalisation levy they paid soared 82%,...
Byju’s bags $250M from existing backers; sharp hiring cuts at top four IT firmsIndia’s largest edtech firm has been facing turbulent times over the past six months, with questions being raised about the 18-month delay ...
Crypto Price Today: Bitcoin breaches $20K; XRP, Polygon & Polkadot gain up to 4%Barring the US dollar-pegged stablecoins, all the crypto tokens were trading sharply lower on Tuesday. Shiba Inu was down over 8 per cent, ...
Firms press govt for delayed PLI payments; Wipro’s pipeline biggest ever, says CEOMany top electronics and hardware manufacturers are still awaiting long-delayed payments due to them under these schemes, sources told us, ...
Banks rethink fintech ties; Byju’s may rename WhiteHat Jr, sacks 300 at TopprNow, some banks that have tied up with financial technology companies for such products are rethinking these partnerships. RBL Bank for one...
Meesho looks to cut costs, extend runway; Udayy sacks workers and shuts downMeesho, for one, is taking their advice and shifting gears amid the downturn. But it’s too late for edtech startup Udayy, which has laid of...