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ROGUE EMPLOYEES
Oracle cuts 20% of India staff; War jitters stall fintech IPOsHappy Thursday! Oracle’s global job cuts have impacted 10,000 employees in India. This and more in today’s ETtech Morning Dispatch.- Rogue Ales abruptly closes Newport operations and restaurants after 37 years: What went wrong with the second-largest craft brewery?Rogue Ales and Spirits has shut down all its operations. The brewery closed its Newport headquarters and all restaurants suddenly on Novemb...
- CEO opens up about going 'rogue' on AI adoption: Sets one-week deadline, fires employees who resistCoinbase CEO Brian Armstrong mandated AI adoption. He ordered engineers to use GitHub Copilot and Cursor. Armstrong gave a one-week deadlin...
- After warning comes action: Mark Zuckerberg fires 20 Meta staff for leaking internal memo to media, says more could face the axeMeta has fired approximately 20 employees for leaking confidential company information, with additional dismissals expected. The crackdown ...
- PhonePe complains against Paytm employees for burning QR codesIn a complaint filed on July 29 with the Surajpur Lakhnawali police station in the Greater Noida area, PhonePe has alleged that “these acti...
- Goldman Sachs in talks to admit guilt, pay $2 billion fine to settle 1MDB probeThe guilty plea would come from a unit in Asia, the people said, asking not to be identified because the talks are confidential. The agreem...
- 'Amazon India probing data breach charge'Amazon is investigating allegations that some employees in India and the US are sharing internal company data with merchants, according to ...
- Rogue employees who have made it to the infamous listA look at a few cases and how they have played out:
- India is said to plan asking PNB to pay banks for jeweller fraudBanks including Allahabad Bank, Axis Bank and UCO Bank were hit after the jewelers colluded with a rogue PNB employee to obtain fraudulent ...
- Timeline to the discovery of India's biggest bank fraudAs authorities try to contain the fallout from the scam, here’s a look at key dates in the road to discovery.
- Government looks into auditors' roles in PNB caseThe ministry may refer the matter to the Serious Fraud Investigation Office, which has already started probe into the Rs 11,400-crore Nirav...
- Workers to be given a say in bosses' pay in UKIn a move that threatens to spark fresh rows between ministers and business leaders, the government will announce the crackdown on sky-high...
- Raids uncover 4 more fake centres in MaharashtraInformation on these rogue call centres was said to have been obtained from employees in the custody of the Thane crime branch, followed by...
- JPMorgan knows you’re a rogue employee before you doWall Street traders are already threatened by computers that can do their jobs faster. Now they have something else to worry about.
- Employee ‘judgement error’ costs Greenpeace Rs 30.6 croreGreenpeace International said that one of its employees lost approximately Rs 30.6 crore on rogue forex trades.
- Companies should take legal action against rogue employees and punish the culpritsIt has been observed that in the corporate sector, companies typically prefer to stay away from reporting any economic offence to a regulat...
- Lokpal must focus on corruption at the topThe idea of bringing the entire lower bureaucracy, numbering nearly six million people, under the scrutiny of the Lokpal is silly and doome...
- RIM Offers auto-solution to tap its messenger serviceResearch In Motion has demonstrated an auto-solution to tap its messenger services to assuage India’s security concerns
- Ethical culture can prevent fraudsAcursory glance at most corp frauds that have swept through the world over the past two years makes it amply clear that almost all of them ...
- SocGen employee shareholders start legal actionEmployee shareholders at Societe Generale said Wednesday they had started legal action following a multi-billion-euro rogue trader scandal ...
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