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UDAAN LAY OFF
Govt's AI deepfake diktat; Udaan narrows FY25 lossThe government directed social media firms to take down unlawful AI content within three hours of being notified. This and more in today's ...- Aerospace startup Sarla Aviation raises $10 million to build electric flying taxisSarla Aviation, an aerospace startup, will use the funds to advance the development of its prototype, establish a research and development ...
- Acko’s $120 million secondary; Udaan in talks for new fundingHappy Wednesday! Acko is finalising a secondary share sale transaction valued at $100-120 million. This and more in today's ETtech Morning ...
- Promoter tag for Prosus in Swiggy IPO; SaaS play for revenue-linked financiersSwiggy's largest investor Prosus is likely to be tagged a promoter in the company as plans for trimming stake ahead of an IPO haven’t mater...
- Udaan CFO Aditya Pande resigns; firm announces senior-level changesKiran Thadimarri, group finance controller, will be elevated to the executive management team. Further, Vishnu Menon, head - corporate stra...
- Apple iPhones lift electronics exports; Udaan CFO exitsApple’s iPhone led the charge in India’s booming smartphone exports, contributing significantly to a record 22.24% growth in overall electr...
- How layoffs reordered Indian startups this year, and other top tech stories this weekStartups laid off over 28,000 people just in the first three quarters of 2023. This alone was over 50% higher than 2022, when companies let...
- Bose picks up minority stake in Noise; Udaan fires over 100 employeesIn what could potentially strengthen homegrown audio accessories and wearables brand Noise’s foothold in a tightly contested segment, the c...
- Udaan lays off over 100 employees shortly after $340 million fundraiseMost of the job cuts happened in the go-to-market (GTM) team, which handles relationships with sellers, among other responsibilities, peopl...
- 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.
- Over 70 Indian startups show exit door to 21K techies, more pink slips comingAs global layoffs deepen, Indian startups are not far behind and have sacked thousands of employees in the past 3-4 months, with many more ...
- Xiaomi fires 900 employees, to slash 10% of jobs globally: ReportThe termination comes after several companies, including Facebook-parent Meta, Elon Musk’s Twitter, and Microsoft, announced layoffs recent...
- Employees sue Twitter as bloodbath looms; Udaan sacks another 1,000Elon Musk’s Twitter, as expected, has begun the process of sacking about half of its 7,500 workers by cutting access to their laptops, emai...
- Udaan fires 180-200 staff, 5% of its workforce, to cut costsA company spokesperson confirmed the development to ET without disclosing the number of employees it had fired.
- Govt to plug Aadhaar gaps, curb misuse; Udaan ‘on track’, CEO tells staffUIDAI also plans to integrate its data with death registration records to prevent people from using Aadhaar numbers of deceased citizens to...
- OkCredit lays off staff as it realigns focus on fintech offeringsOkCredit said it will be hiring talent with relevant skillsets as a part of the realignment. It also claimed that it is supporting laid-off...
- Ola fires 1,400, says revenues plunge 95% in two monthsOla — backed by global marquee investors including SoftBank, Tiger Global, Tencent, and Steadview Capital—employs about 4,000 people in its...
- Acko, Bounce, MakeMyTrip, others hardest hit by Covid-19 turn to layoffs, salary cutsCos said such measures are to keep biz running as there is no certainty to when things will be normal again
- As growth dips, startups shed jobs and conserve cash to stay afloatStartups are closely looking at all major business functions as demand dives. Some of India’s top unicorns have also stopped hiring plans a...
- Layoffs in industry, but crowd of startups hiring at B-schools growingThe Indian Institute of Management (IIM), Kozhikode; Management Development Institute (MDI), Gurgaon and Bharatiya Vidya Bhavan’s SPJIMR sa...
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