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Jack Dorsey’s Block to cut 4,000 jobs in AI overhaul; shares jump 25% after hoursBlock is cutting over 4,000 jobs, nearly half its staff. This move signals how artificial intelligence is changing businesses. CEO Jack Dor...- ET AI Conclave 2026; Apple's India payments playThe ET AI Conclave & Awards brought together over 250 founders, CXOs, policymakers and investors from leading Indian AI companies like Sarv...
- IBM CEO on AI disruption, stock slide; VCs cash in on D2C exitsHappy Wednesday! IBM CEO Arvind Krishna calls the recent stock slide an overreaction and lays out his view on India's AI push and job disru...
- Decoded: The viral doomsday AI memo that roiled Wall StreetA viral 7,000-word Substack essay by Citrini Research founder James van Geelen sparked a sharp selloff on Wall Street by outlining a hypoth...
- US stock market crash biggest losers and winners list: S&P 500 and Nasdaq fall as Dow Jones survives on Big Tech AI spending concernsUS stock market crash biggest losers and winners list shows sharp moves as investors react to Big Tech earnings, AI spending plans, and the...
- Mastercard profit exceeds expectations, set to lay off 4% globally; shares nudge upMastercard exceeded fourth-quarter profit expectations due to resilient consumer spending, particularly in travel and essentials. The compa...
- IIT placements gain steam; SoftBank's Vision Fund layoffsRecruiters flock to IITs as placement season kicks off. This and more in today's ETtech Top 5.
- Pine Labs IPO; Raphe mPhibr, ShopOS raise fundsPine Labs has filed its IPO papers with Sebi to raise Rs 2,600 crore. This and more in today’s ETtech Top 5.
- Mastercard planning to cut global workforce by 3%: ReportNew York-based Mastercard had 33,400 employees at the end of last year, according to its annual report.
- In a messy spot, Byju's puts footballer Lionel Messi deal on holdByju's signed a three-year deal with Lionel Messi in 2022 to get him on board as its global brand ambassador for an 'education for all' cam...
- Exclusive: Top-deck shuffle at Amazon India; social media firms and anti-deepfake toolsAmazon has started significant top-level restructuring of its India management team under vice president and country head Manish Tiwary.
- How digital payments became democratic – the UPI way, and other top tech & startup stories this weekUnified Payments Interface (UPI), the real-time bank transfer mechanism, breached the 10 billion monthly transaction volume mark last month...
- Cognizant Q1 net profit up 3%, to lay off 3,500; Ready to tie up with NPCI: Visa’s Alfred KellyCognizant’s net profit increased 3% in the first quarter to $580 million on lower administration costs and a bump in other income. It will ...
- ED to tap lenders for info in Byju's probe; Pine Labs pauses IPO plan for nowThe Enforcement Directorate (ED), days after probing premises linked to Byju’s for alleged Foreign Exchange Management Act (FEMA) complianc...
- 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...
- Wall Street ends higher in robust rebound from Omicron-driven routThe Dow Jones Industrial Average rose 617.75 points, or 1.82%, to 34,639.79, the S&P 500 gained 64.06 points, or 1.42%, to 4,577.1 and the ...
- Rise in credit & debit cards spending signals India's transformation into a cashless economyThe economy is sluggish and consumer sentiment is low. Yet, electronic cards - debit, credit and pre-paid cards are posting robust growth.
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