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ZOOM JOB CUTS
H-1B chill sets in; Flipkart doubles down on ShopsyUS demand for H-1B visas has slumped to a seven-year low amid steeper costs and Trump-era policy shifts. This and more in today’s ETtech To...- Swiggy, Urban Company report Q4 losses; Zepto gets IPO nodNew-age companies Swiggy and Urban Company closed the March quarter in the red, even as revenues surged. This and more in today's ETtech To...
- Skyroot, a newborn unicorn; AI pay gap growsSkyroot Aerospace became India’s first spacetech unicorn after its latest funding round. This and more in today’s ETtech Top 5.
- A beginner's guide to scalping: Capturing the market’s micro-trendsScalping is a high-speed trading style focused on capturing tiny price movements, demanding radical honesty, unbreakable discipline, and fl...
- BigBasket, 1mg founders plan transition; QED's Morris flags credit tighteningHappy Friday! BigBasket and 1mg founders are preparing to step back from day-to-day roles. This and more in today's ETtech Morning Dispatch.
- More than 30,000 tech employees lose jobs globally in first month of 2024Tech companies, including startups, around the world fired more than 425,000 employees in 2022 and 2023, with more than 36,000 employees be...
- Zoom lays off 150 employeesThe reductions are not companywide and Zoom will continue to add people in 2024 in areas such as artificial intelligence, sales and enginee...
- 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...
- The Great Layoffs: Half a million job cuts could just be the tip of icebergThe COVID-19 pandemic led to a shift in demand to digital and remote work and opened up business opportunities for white-collar firms, but ...
- Singapore's Sea cuts more jobs at ecommerce unit Shopee: reportIn September, Bloomberg reported that Sea cut 3% of employees at the Indonesian unit.
- Zoom fires president Greg Tomb after laying off 1,300 employeesThe company said in a regulatory filing in the US that Tomb's contract was abruptly terminated "without cause".
- Tech CEO salary cuts aren’t always the sacrifice they seemCorporations are increasingly keen to show investors they’re heeding calls for steep cost-cuts to help margins — including chopping CEO sal...
- Thousands of fintech jobs are gone as companies cut costs for first timeFintechs boomed during the early days of the pandemic, ambitious to grow and driven by low interest rates and consumer hunger for debt.
- US-based fintech firm Affirm lays off 19% of workforceThe employees that are laid off in the US will be offered a minimum of 15 weeks base pay as severance plus an additional week per year of t...
- Zoom to lay off about 1,300 employees or 15% of total workforceTo those affected by the layoffs, Zoom will offer — up to 16 weeks’ salary and healthcare coverage; payment of earned FY’23 annual bonus ba...
- Ebay to fire 500 employees, cut workforce by 4%CEO Jamie Iannone said the company decided to make cuts after examining the global macroeconomic environment over the past several months.
- Twitter job cuts: what are digital layoffs and what do they mean for employees and companies?Musk's plans to restructure Twitter began with laying off top executives, before notifications were emailed to around half of the Twitter g...
- Better’s US Zoom firings leave 1,000 more workers in IndiaThe geographic shift, which effectively added 1,000 employees in India, could help Better.com stave off a downturn that’s left the company ...
- Meet the man who fired 900 employees in one zoom call!Vishal Garg, the Indian-origin CEO of Better.com, abruptly announced that the mortgage company is laying off about 9 per cent of its workfo...
- US Inc slashes over two lakh jobs in OctoberIt is a stark proof that the world's largest economy is almost certainly in a recession. Stocks 52 Week: High, Low | BSE Losers: A, B | NSE...
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