Even after strongest quarterly performance since June 2021, SoftBank to layoff 20% of its Vision Fund teamSoftBank Vision Fund layoffs 2025: SoftBank Group is reducing its Vision Fund workforce by 20%. This decision comes after the fund reported...
19 Sep, 2025, 06.01 PM IST
TCS rolls out pay hikes; Paytm trims headcount in FY25Weeks after announcing massive layoffs, TCS said it will raise salaries for 80% of its workforce. This and more in today’s ETtech Top 5.
07 Aug, 2025, 07.30 PM IST
Zomato layoffs; OpenAI’s $300 billion valuationFood delivery major Zomato has asked 500 of its junior-level employees to leave. This and more in today’s ETtech Top 5.
01 Apr, 2025, 07.51 PM IST
Infy lays off trainees; Amazon, Flipkart warehouses raidedIT major Infosys has laid off more trainees from its Mysuru campus. This and more in today's ETtech Top 5.
27 Mar, 2025, 07.31 PM IST
Layoffs in 2024: These startups grappled with workforce cutsThe year witnessed notable layoffs, with numbers ranging from a few hundred to a few thousand, at companies like Ola Electric, Paytm parent...
31 Dec, 2024, 07.21 AM IST
How Unacademy board tweaked targets for founders’ voting rightsEdtech unicorn Unacademy has changed the target for its cofounders Gaurav Munjal and Hemesh Singh to access additional voting rights throug...
31 May, 2024, 11.12 AM IST
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...
11 Jul, 2023, 12.42 PM IST
Unacademy launches gamified app for UPSC aspirantsThe new experiment at the Bengaluru-based startup comes at a time when the company is facing intense pressure to show profitability as Covi...
30 May, 2023, 06.59 PM IST
Unacademy to be profitable at group level in April: CEO Gaurav MunjalWith a cash balance of Rs 1,977 crore and an average monthly burn of Rs 17 crore, the Unacademy group will have at least 116 months of runw...
25 Apr, 2023, 06.00 AM IST
Unacademy leadership to take salary cuts of up to 25%, says edtech’s founder Gaurav MunjalIn a memo to employees, cofounder and CEO Gaurav Munjal told employees that the Bengaluru-based unicorn’s leadership including founders wil...
31 Mar, 2023, 02.03 PM IST
Unacademy to slash 12% of workforce in another round of layoffsUnacademy had cut its headcount by 1,350 across two rounds of layoffs last year, while its subsidiary Relevel had fired 40 employees in Jan...
31 Mar, 2023, 01.18 PM IST
Exclusive: Dealshare lays off 100 employees; Oyo eyes first profitable yearLast year, Dealshare expanded to 150 cities and towns across India as it chased growth above all else. Now, the company has laid off 100 em...
27 Jan, 2023, 07.29 PM IST
Sandhya Devanathan is Meta India’s new head; Amazon begins mass layoffsMeta appointed Sandhya Devanathan as its India head on Thursday, a week after WhatsApp India chief Abhijit Bose left the technology firm, c...
17 Nov, 2022, 08.02 PM IST
Govt may double IT hardware incentives; layoffs begin at SoftBankThe Union government had in April 2021 launched a production-linked incentive scheme for IT hardware makers and while 19 companies applied ...
29 Sep, 2022, 07.21 PM IST
SoftBank plans Vision Fund job cuts after record net lossVision Fund, which upended the world of venture capital with splashy bets on startups such as Uber and Didi, posted a $23.1 billion loss in...
08 Aug, 2022, 05.12 PM IST
SoftBank doubles Vision Fund chief, Rajeev Misra's, pay despite record lossThe pay hike for Rajeev Misra comes at a time when the Vision Fund is planning deep cuts in staffing.
30 May, 2020, 05.30 PM IST
SoftBank’s Vision Fund is planning to cut 10% of staffThe Vision Fund has struggled since WeWork botched its efforts to go public last year and SoftBank stepped in to bail the company out.
28 May, 2020, 09.33 AM IST