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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...- Layoffs in 2023: Cred, Meesho, Dunzo among Indian startups & tech companies that have cut jobsIndian startups, too, have been impacted over the last 6 months as they struggle to raise funds in a tough global environment.
- Exclusive: Byju’s offers to pay higher interest rate on $1.2B loan; Rajesh Gopinathan’s ops model may have led to unease at TCSHappy Monday. Byju’s has held discussions to pay higher interest rates to its lenders for the $1.2 billion loan the company picked up in No...
- Livspace layoffs: Home design startup cuts nearly half of tech, product rolesA total of 36 staffers, including software engineering developers and directors from a team of 80 have been asked to leave the company, sou...
- Homegrown companies on hiring spree as Big Tech sheds talentThough the absolute hiring number is not huge since Indian startups are themselves going through funding woes, the roles span product, grow...
- OLX to slash workforce by 15%, fire at least 1,500 employeesThe company, owned by Prosus, started its business in India in 2009 and operates OLX and OLX Autos. Prosus is controlled by South Africa-ba...
- New influencer rules ‘will raise transparency & costs’; PhonePe’s India shift cost Rs 8,000 crore: CEOLast Friday, India’s Department of Consumer Affairs announced new guidelines for social media influencers and celebrities, saying they must...
- Another crypto company goes bustOne of the world’s largest crypto lenders, Genesis froze withdrawals in November after the spectacular collapse of FTX.
- 'Devastated, shocked': sacked Google employees left distraught as layoffs impact 12,000Google parent Alphabet on January 20 announced that it plans to layoff about 12,000 employees or 6% of its global workforce.
- Tax sops top crypto, gaming firms’ budget demands; govt urged to mandate local storage of dataThe crypto industry meanwhile has asked the government to reduce the 1% TDS on crypto transactions, and review income tax provisions to all...
- Exclusive: More consumer internet startups like ShareChat, Dunzo, Rebel Foods join layoff waveThe latest developments at ShareChat, Dunzo and Rebel are an extension of what has transpired in the so-called new economy over the last si...
- ShareChat sacks over 500 employees; Paytm Payments Bank gets RBI nod to be Bharat Bill Payment Operating UnitOn Monday morning we reported that ShareChat was set to join the growing list of Indian startups that have laid off employees amid a brutal...
- ShareChat fires about 500 employees in fresh layoffs, CEO says company ‘overestimated the market’For the affected employees at ShareChat’s parent firm, the company is provided a financial package that includes a payout for the notice pe...
- Layoffs spread to Dunzo, ShareChat, Rebel Foods, and agritech firmsThe latest developments are an extension of what has transpired in the so-called new economy over the last six to eight months. Layoffs at ...
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