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SPINNY LAYOFFS
Amazon job cuts in India; Building India's next unicornsHappy Wednesday! Amazon is likely to lay off hundreds in India as part of its global job cuts. This and more in today's ETtech Morning Disp...- Cars24 lays off 200 employees, to tighten hiring plansCars24 cofounder and CEO Vikram Chopra said in an internal note to employees that no further layoffs were expected, calling the move a “spe...
- Zomato Delhivers profits, Freshworks en route; and other top tech & startup stories this weekThe April-June earnings posted in the past week by companies such as food and grocery delivery platform Zomato, software-as-a-service major...
- Zomato posts maiden quarterly profit; Data Bill introduced in Lok SabhaGurugram-based food delivery platform Zomato reported its first-ever profit in the April-June quarter of FY24, reversing losses of Rs 186 c...
- Used car startup Spinny lays off around 300 employeesThe layoffs are part of a restructuring exercise that will also see its budget and luxury car offerings — Truebil and Spinny Max — being me...
- Scoop: HUL & others in talks to buy Oziva; Swiggy may sack 250 employees this monthOziva, which sells nutrition and fitness products across categories such as women’s health, skin, hair, men’s health and general wellness, ...
- Blume Ventures closes its largest fund at $250M; Vedantu sacks 385 in fourth round of layoffs this yearSeveral venture funds focused on India and Southeast Asia have been raising record amounts of capital despite the global macroeconomic down...
- Startup layoffs triggered panic among senior professionals: surveyAbout 30% of senior professionals at about 200 organisations employing more than 200,000 people are seeking opportunities in other industri...
- Cars24 swerves to slow lane to ride out macro stormThe SoftBank and Alpha Wave Global–backed company is looking to reduce its burn rate by around 50% to extend its runway and readjust to a r...
- Startups reach out to find jobs for the laid-offScaler, Filo, Classplus, PhysicsWallah, BrightChamps, Teachmint, ByteLearn and Mojocare were some of those companies offering help.
- Cars24 fires 600 employees across departmentsCars24, backed by Japan’s SoftBank and Alpha Wave Global, has joined a growing list of startups such as Unacademy, Vedantu, and Meesho that...
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