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Bessemer closes $350 million India-only fund to boost playBessemer Venture Partners closed a $350 million India fund to invest in AI, SaaS, fintech, digital health, consumer brands, and cybersecuri...- Cloud communications platform Twilio to cut about 5% of total workforceThe company expects to incur about $25 million to $35 million associated with the restructuring in the last three months of 2023.
- 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...
- McDonald's temporarily shuts US offices, prepares for layoffs: WSJ reportLast week, the Chicago-based fast-food chain asked its US employees and some international staff via an internal email to work remotely fro...
- Salesforce considers more job cuts amid profit push, COO saysSalesforce in January announced it would eliminate 10% of its workforce, or about 8,000 employees, its largest-ever headcount reduction, an...
- San Francisco gets emptier amid wave of layoffs, Elon Musk finds it 'tragic'San Francisco has been among the slowest US markets to rebound from the pandemic as tech companies did not open their offices and promoted ...
- Funding winter may lead to market share gains for Nykaa, Zomato; Google India fires 453 employeesThe funding winter has prompted some companies to cut costs, rethink business models and lay off employees. But the challenging environment...
- ETtech Interview | Non-tech sectors modernising faster as growth slows at tech firms: Postman CEO Abhinav AsthanaThe most valued Indian Software-as-a-Service (SaaS) startup at $5.6 billion, Postman has partnered with companies like Axis Bank and Disney...
- Twilio to lay off 17% staff, close offices to focus on profitabilityThe layoffs, which is the second such instance in six months, sent Twilio's share up 2%.
- Twitter's trust and safety head ditches protocol for Elon Musk's whimsOn a day hundreds of Twitter Inc. employees were debating whether to resign, Ella Irwin showed up with a pep talk. Elon Musk had offered he...
- India-born Parag Agrawal Is Twitter CEO; RBI's crypto movesIn a surprise move, Jack Dorsey said on Monday that he was stepping down from Twitter and handing over the reins of the company he cofounde...
- Icertis says revenue rose 60% in H1 of 2021From January to June 2021, the Bellevue, Washington-based company said it posted a 60% increase in revenue from a year earlier, leadership ...
- How to train your unicornIn today's ETtech Morning Dispatch newsletter: Sequoia India's new fund; evolution of Zomato's cap table; and WhatsApp faces CCI probe.
- Silicon Valley firms in no hurry to open up offices despite easing of virus banStarting Wednesday, companies in San Francisco and Santa Clara are allowed to open up their offices for up to a quarter of their capacity.
- K2 Global to invest more in Paytm, SaavnK2 Global, which has built up stakes in Paytm and Saavn over in about two years, is raising another round of 284 million Singapore dollars,...
- SAP to invest $1 billion in global tech startupsThe push by the enterprise software company is part of a large and growing movement by established companies to partner with startups early...
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