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TARGET LAYOFFS
Robinhood stock soars despite layoffs – Why Wall Street is bullishRobinhood shares rallied after announcing a 10% workforce reduction, as investors viewed the move as a cost-efficiency strategy. Strong tra...- BigBasket founder's exit; Pocket FM’s reverse flipAmazon veteran Amit Nanda, currently director of selling partner services, now takes over as CEO.
- Sundar Pichai tells Stanford graduates ‘your choices will shape your journey’ after students walk out during speechGoogle CEO Sundar Pichai's Stanford commencement address was disrupted by over 100 students walking out to protest Project Nimbus, a deal i...
- He was laid off despite meeting targets and forced to fight for severance package; 13 months later, his former CEO came asking for a favourIT layoff: A former mid-sized IT company director says his ex-CEO contacted him over a year after his layoff, seeking help with a multi-fac...
- Fable 5's cost challenge; Opendoor's India exitAnthropic's Fable 5 could rewrite how IT works, but the price tag and performance quirks raise hard questions. This and more in today’s ETt...
- US jobless aid filings rise to 229,000 last week, remain historically low despite Iran war headwindsAmerica's jobless claims saw a slight increase last week, yet remain historically low. This comes despite economic challenges linked to the...
- Employers added 172,000 jobs last month as US job market shows resilience despite Iran warAmerica's job market is surprisingly strong. Employers added many jobs in May, and unemployment remains low. This hiring rebound is seen ac...
- Firms on AI spending spree: US tech companies cut most jobs in nearly 2 yearsThe tech sector said last month it planned to eliminate 38,242 positions, the most since August 2024, according to data from outplacement f...
- Ola’s valuation crashes 99%; Snapchat India ad pushHappy Thursday! American investor Vanguard has slashed the fair value of Ola's parent company. This and more in today’s ETtech Morning Disp...
- Collapse is near: Trump's window to resolve Iran crisis closing fastWest Asia tensions are escalating, impacting global markets. Iranian attacks and US strikes near the Strait of Hormuz are disrupting oil su...
- Snapchat’s India advertiser base jumps 10-fold in just two years: Pulkit TrivediSnapchat has significantly expanded its advertiser base in India tenfold over the past two years, with a threefold increase in recurring ad...
- India's brain-gain moment may be starting with a crack in the American dreamAs green card backlogs, visa uncertainty and layoffs reshape the American dream, India is emerging as a stronger destination for globally e...
- Putting the Bekaart before AI's racehorse: How widespread adoption of the tech can fill the nation with Kantian roachesArtificial intelligence adoption threatens widespread job losses, wihch could devalue human work and necessitate government income support....
- US Stock Market: Fed Vice Chair Jefferson backs current rate stance ahead of June meetingFederal Reserve Vice Chair Philip Jefferson said the current US monetary policy stance remains appropriate as policymakers assess persisten...
- Meta layoffs hit India; Local VCs eye Wispr Flow fundingHappy Wednesday! Tech major Meta has quietly axed a dozen India roles as part of its latest global AI-era reset. This and more in today's E...
- Meta India cuts around dozen jobs; ad sales, marketing roles take a hitAccording to industry estimates, the company has about 400 employees, though it does not reveal country-specific workforce numbers. Meta re...
- Corporate Majdoor Janta Party: Gurgaon professional’s satirical manifesto goes viral, CBI audit of CTC vs in-hand salary among promisesA former Amazon employee has created a satirical political party called the Corporate Majdoor Janta Party. The party's manifesto humorously...
- Ex-Meta employee shares viral post claiming non-Chinese workers felt targeted during mass layoffsMeta Layoffs: A former Meta engineer has detailed feelings of social and professional isolation within certain teams, claiming non-Chinese ...
- 'More AI, fewer bankers': CEO of US' largest bank JP Morgan Jamie Dimon's remarks hint at a shift in Wall Street trendJPMorgan Chase CEO Jamie Dimon suggests artificial intelligence will significantly reduce jobs at the bank. The company plans to hire more ...
- Jalen Brunson shines bright as Knicks outlast Cavs in Game 1 overtime battleJalen Brunson ignited a historic comeback, leading the New York Knicks from a 22-point fourth-quarter deficit to a 115-104 overtime victory...
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