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COINBASE INDIA SACKING
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...- Petitioners against Google get relief from Madras HC; Byju’s plans more job cutsThe Madras High Court has been asked to play Solomon by a clutch of companies in their ongoing battle against Google over its billing pract...
- Byju’s eyes another $250-300M funding; Musk’s seven-day Twitter blitzkriegThree weeks after it said it would sack about 2,500 employees, and a fortnight after it raised $250 million from Qatar Investment Authority...
- Transaction declined: why Prosus dropped $4.7B BillDesk buy; deal had $50-100M breakup feeThe merger was expected to create an online payments gateway juggernaut that would process $147 billion in annualised total payments value ...
- Who owns the most bitcoin?The development comes after Sequoia recently told its Limited Partners (LPs), or sponsors in the fund, that it had decided to postpone the ...
- Amazon India bets on local stores, social commerce; startups want more women in tech rolesAmazon said it was now looking to onboard more physical stores on its India platform to increase the number of goods that can be delivered ...
- Coinbase sacks 8% of India team; UpGrad bags $225 million, bucks edtech trendCoinbase’s share price is down an eye-popping 80% since the start of the year, making bitcoin’s 54% drop look like a minor blip.
- Coinbase lays off 8% of its India workforce, hires executive for local partnershipsThis comes after its founder and CEO Brian Armstrong said on Tuesday that the company was laying off 18% (about 1,100) of its employees ami...
- Sequoia cuts ties with law firm; Xiaomi India gets a new headVenture Capital fund Sequoia informed its portfolio companies that it has stopped working with the law firm, Algo Legal.
- Terra’s aftershocks torment cryptoThis week, Terra’s creator Do Kwon was fined $78 million by tax authorities and faces an investigation in South Korea, another stablecoin l...
- Winter is coming, Y Combinator warns; startups show solidarity amid layoffsThe famed Silicon Valley startup accelerator has told founders of all its portfolio companies to hunker down, cut costs and extend their ru...
- Elevation raises $670M India fund; edtech giant lays off 1,000 employeesElevation Capital, which invested in around 30 Indian startups last year alone, has closed its latest India-dedicated fund at $670 million.
- Unacademy lays off 1,000 employees; Coinbase in India ‘for the long haul’Unacademy, the edtech giant that began as a YouTube channel in 2015, has laid off around 1,000 employees over the past few weeks as part of...
- Zomato in the firing line; Cred’s valuation hits $4BThis morning, Zomato said it had fired a customer service employee who told a customer that he ought to know Hindi. Two hours later, the co...
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