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Y COMBINATOR LAYOFFS
Groww investors make bank; Mobikwik, Fractal's Q4 profits surgeGroww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.
Applying to jobs is the ‘dumbest’ thing, says techie: Explains his strategy that made recruiters call him insteadA Meta software engineer has sparked online debate after calling traditional job applications ineffective, based on his own experience of s...
Capgemini India to hire up to 45,000 in 2025; focus on AI-ready workforceChief executive officer Ashwin Yardi said that as the IT services major’s clients look to cut costs and improve efficiency, India becomes a...
HCL-Foxconn plant cleared; Airbnb’s India playThe Union Cabinet has cleared the sixth chipmaking facility under the India Semiconductor Mission. This and more in today’s ETtech Top 5.
Fintechs plug into EVs; Groww’s CCI nodHappy Wednesday! Fintech startups are tapping into India’s growing commercial EV market. This and more in today’s ETtech Morning Dispatch.
Outgoing Puma India chief racks up $52 million for new startup; Cred unit executes layoffsAbhishek Ganguly, outgoing India and Southeast Asia managing director of Puma, has raised Rs 430 crore — around $52 million — for his new v...
How ChatGPT maker OpenAI is fuelling a generative AI warIt has been a week of major turmoil for the technology industry with the sudden collapse of Silicon Valley Bank. But amid all the chaos of ...
Y Combinator shuts late-stage investment fund, lays off employeesThe startup accelerator’s president Garry Tan informed that the shutting down of Y Combinator’s Continuity Fund would lead to laying off of...
With US govt action, looming risks to Indian startups have passed: Rajeev Chandrasekhar on SVB crisisThe failure of Silicon Valley Bank last week left many startups, tech companies, entrepreneurs and VC funds nervous and jittery, and the US...
SVB crisis puts more than one lakh jobs in red: Y Combinator petitions US TreasuryThe petition, written by Y Combinator president Garry Tan, has been signed by over 3,500 CEOs and founders. The signatories also include al...
Startups fired 6,000 in October-December 2022, 4,000 in January 2023 aloneWith investors tightening their purse strings because of the volatility in the global economy, many unicorns and startups such as Byju’s, S...
Startups mushroom from the ashes of Big Tech purge in USWhile overall venture capital (VC) financing fell 33% globally to about $483 billion in 2022, early-stage funding was robust, with $37.4 bi...
Elon Musk freed the bird, but who'll free him?Last Sunday, Twitter announced new rules under which it would suspend accounts that posted links to other social media platforms such as Fa...
Y Combinator cuts startup batch size by 40% amid economic downturnAccording to The Information, Y Combinator has "cut the number of startups it is funding and training this summer by about half compared to...
Edtech carnage continues as WhiteHat Jr lays off 300 employeesWhiteHat Jr posted a total loss of Rs 1,690 crore for FY21, according to regulatory filings filed with the Ministry of Corporate Affairs.
Edtech firm FrontRow lays off 145 employees, almost 30% of its teamFrontRow said the layoffs were undertaken to increase efficiencies and lengthen the company’s runway. The company said most of the layoffs ...
VC fund Beenext tells startup founders how to adapt to the funding winterBeenext has asked all founders to work together with their existing shareholders, revise budgets across marketing and headcount, while chec...
Winter is coming, Y Combinator warns; startups show solidarity amid layoffsThe famed Silicon Valley startup accelerator has told founders of all its portfolio companies to hunker down, cut costs and extend their ru...
So this is how the tech bubble finally endsWeWork and scooter sharing were prime examples for people who wanted to argue that startups had gone too far. Now they’re plummeting in a w...
What do Q1 nos say about IT jobs outlook? Not as bad as you thoughtTCS’ total headcount fell to 385,809 in Q1, while that of Infosys declined to 198,553.