Search Results for: restructuring

Sequoia India-backed GoMechanic fires 70% of the workforce amidst violation of accounting norms

Bloomberg reported that EY's research suggested that about 60 of the more than 1,000 GoMechanic service centres may have broken accounting rules to inflate revenue and divert funds

Jan 18, 2023

Goldman Sachs layoffs in India: Shocking stories go viral on social media

Prior to the layoffs, Goldman Sachs had nearly 9,000 employees working out of the company's Bengaluru, Hyderabad and Mumbai offices

Jan 14, 2023

Google's health-focused sister company Verily to cut 15% of staff

Verily, the health-focused company housed under Google parent Alphabet, has announced that it will lay off 15 per cent of its workforce in a restructuring move as it strives for financial independence from its parent company

Jan 12, 2023

Economist Bibek Debroy's other side: Scholarly works and many awards

He is only the second person to have translated both the Mahabharata and the Ramayana, in unabridged form, into English, reveals Rahul Mittra

Dec 1, 2022

Zuckerberg sacks 11,000 employees, extends hiring freeze at Meta; see severance details

In one of the worst lay-offs ever in the tech industry, Meta Founder and CEO Mark Zuckerberg on Wednesday sacked more than 11,000 employees -- about 13 per cent of the global workforce.

Nov 9, 2022

Edtech major BYJU's sacks thousands, and then hires Lionel Messi [details]

The long-term engagement, which begins as Messi embarks on his final campaign to win the World Cup as captain of Argentina, will see him feature in campaigns promoting BYJU'S 'Education For All'.

Nov 4, 2022

Tesla sold 75% of its Bitcoin, Musk says Dogecoin still with him

Tesla has sold 75 per cent of its Bitcoins, adding $936 million in cash to its balance sheet in the second quarter (Q2) this year, as it deals with economic meltdown amid cryptocurrencies falling off the cliff.

Jul 21, 2022

Crypto crash continues, lending platform Celsius Network files for bankruptcy

Cryptocurrency lending company Celsius Network, that recently laid off 150 employees, has now filed for bankruptcy in the US amid extreme market conditions.

Jul 14, 2022

Cheating case filed against SpiceJet MD Ajay Singh, others in Gurugram [here's why]

A case of fraud has been registered against SpiceJet Chairman and Managing Director Ajay Singh and others for allegedly cheating a Gurugram resident by delivering fake share certificates to him.

Jul 11, 2022

President of Sri Lanka Gotabaya Rajapaksa

Sri Lankan President Rajapaksa flees as protesters storm the palace

Sri Lankan President Gotabaya Rajapaksa fled the presidential palace as protesters stormed it on Saturday

Jul 9, 2022

K'taka asks IT firms to extend work from home for techies till next Dec

Indian startups in US face pressure, many lose jobs; Here's why

As the tech and startup sector gets hammered by economic meltdown, more that 22,000 workers in the sector have lost jobs in 2022, along with more than 12,000 in the Indian startup ecosystem.

Jul 4, 2022

5 job portals to help you in finding the right job in 2022.

Over 22K techies lose jobs in US; more than 12K in Indian startups [details]

As the tech and startup sector gets hammered by economic meltdown, more that 22,000 workers in the sector have lost jobs in 2022, along with more than 12,000 in the Indian startup ecosystem.

Jul 3, 2022

Revlon surges 62% in trade after Reliance Industries said to weigh offer

Revlon Inc shares surged as much as 62 per cent in New York trading after media reports said Reliance Industries Limited (RIL) is considering buying the cosmetics giant.

Jun 18, 2022

Swiggy Supr Daily exits five cities; B'luru operations to continue [details]

Swiggy announced on Tuesday that its subscription-based Supr Daily service will suspend operations in five cities including Delhi NCR, Mumbai, Pune, Hyderabad and Chennai.

May 10, 2022

Caption: Rs 10 lakh to kin of govt general insurance employees dying of Covid

Govt-owned insurers go for organisational rejig, call for consultants

Is the central government moving towards merging its four general insurance companies into one?

May 3, 2022

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