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GOVERNMENT SHUT DOWN MASS LAYOFFS
Govt lens on e-rickshaw remote shutdown issue; two apps including BAT-BMS removed from app storesConcerns over e-rickshaws being remotely disabled via a Chinese app, BAT-BMS, have prompted government action. IT Secretary S Krishnan conf...- Vedanta Power Q1 update: Sales rise 38% on Meenakshi boost, Sakti shutdown weighsVedanta Power reported a 38% year-on-year rise in Q1 power sales, driven by a sharp jump in Meenakshi Energy output. Sequential performance...
- 900 medical coding staff terminated abruptly at Kerala offices of US healthcare firm; government steps inHundreds of medical coders in Kochi and Kozhikode faced abrupt termination from a US-based healthcare firm, sparking outrage. Employees rep...
- What's BAT-BMS? The bluetooth app that's stopping e-rickshaws or 'tirris' mid-ride across DelhiA disturbing trend is crippling Delhi's e-rickshaw drivers as pranksters use a smartphone app, BAT-BMS, to remotely disable their vehicles....
- HDFC Bank shares down 20% in 2026 so far. Time to buy as the governance cloud clears up?HDFC Bank shares have plunged 20% this year amid governance concerns, sparked by a former chairman's resignation. The bank has since appoin...
- Mythos and the fight over America's most powerful AIAfter a US government greenlight, global access to Anthropic's powerful AI model Fable 5 -- along with restricted access to the even more p...
- Sony to end discs for new PlayStation releases as gaming shifts onlineSony is phasing out physical game discs for new PlayStation releases starting January 2028, embracing a fully digital future as online purc...
- Dream Sports shuts fintech platform Dream Money within a year of launchDream Sports, the parent company of fantasy sports giant Dream11, is shutting down its fintech venture, Dream Money, less than a year after...
- Fear and anger brew inside Meta amid AI frenzyA frenzied push for artificial intelligence dominance comes with a different kind of cost for Meta, where massive layoffs, employee surveil...
- US job openings stayed at a surprisingly strong 7.6 million in MayDespite the economic fallout from the Iran war and soaring energy prices, the U.S. job market shows surprising strength. Job openings in Ma...
- Trump's tariffs aren't saving jobs at Whirlpool's Iowa refrigerator plantWhirlpool's drastic decision to cut over half its Iowa plant's workforce throws a wrench in President Trump's tariff strategy designed to b...
- European heatwave: Riot vehicles, fire hoses and soaked pedestrians. How Germany is battling record heatEurope is grappling with an intense heatwave, shattering weather records and pushing temperatures above 40 degrees Celsius in several natio...
- Japan cancels over 200 flights as double storm threat growsJapan faces severe transport chaos and landslide threats as two tropical storms, Mekkhala and Higos, converge with a seasonal rain front. O...
- AI unlikely to trigger 'Job Apocalypse', it may create uneven workforce disruption: Goldman Sachs ReportA Goldman Sachs report suggests that concerns regarding an impending 'AI job apocalypse' may be overstated. Over the next decade, while AI ...
- Bleak job market for H-1B returnees; Delhivery investors' exitLaid off tech workers from the US face an unprecedented job slump back home. This and more in today’s ETtech Morning Dispatch.
- France shuts down nuclear reactors in heatwave precautionFrance's primary energy provider has temporarily halted two nuclear reactors amid a severe heatwave to protect rivers from excessive warmin...
- United Spirits set to cut 100 jobs to curb costs, streamline operationsUnited Spirits is cutting around 100 jobs in India as part of parent Diageo's global cost-saving drive. This significant workforce reductio...
- Nationals pitchers shut down high-powered Phillies in winFoster Griffin delivered a stellar performance, pitching 7 1/3 innings as the Nationals defeated the Philadelphia Phillies 4-1. Luis Garcia...
- Oracle layoffs 2026: Tech giant's headcount shrinks by 21,000 amid rapid AI adoptionAI adoption has led to a 13% decline in Oracle's total workforce. The company said in its filing that the workforce adjustments were in res...
- Lucid Motors layoffs 2026: EV maker slashes jobs ahead of SUV launch - why is Lucid laying off employees, how many jobs are being cut and which roles are impacted?Lucid Motors layoffs 2026 explained: EV maker Lucid Motors is undergoing significant workforce reductions, cutting approximately 18% of its...
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