Aug 18, 2022 10:35 AM ISTIt is another cautionary tale of ambitious startups that attempted to conquer new markets and grow rapidly only to come up against a funding winter amid global market turmoil this year.
Aug 17, 2022 08:05 PM IST Interestingly, the slowdown in the job market doesn’t seem to have affected other recruitment platforms like Naukri. That company, run by Info Edge, said its recruitment business recorded 49 percent growth in new customers and billing growth was witnessed across IT and non-IT.
Aug 16, 2022 08:00 AM IST Google executives have reportedly warned their employees of dire consequences if things don’t start looking up for the tech giant.
Aug 09, 2022 09:10 AM IST The scope of the job cuts is currently unclear as managers are still planning it for their teams, the report said, adding that the Snapchat-owner has more than 6,000 employees.
Aug 02, 2022 09:18 PM IST According to sources, permanent employees from sales and training teams were laid off over the last month.
Aug 02, 2022 08:08 AM IST Unacademy told the educators that it has made 'strategic changes' to its customised learning solutions and owing to the change, it will 'significantly' reduce doubt solving on its platform.
Jul 26, 2022 07:23 PM IST The company had placed its bets on a pandemic-driven boom in online shopping. "It's now clear that bet didn't pay off," Chief Executive Officer Tobias Lütke said.
Jul 18, 2022 10:24 AM IST “While we also grew a lot last year, we grew profitably. And hence, in some way, destiny is under our control because we can now choose to go aggressive or not, without relying on extreme measures,” he said.
Jul 15, 2022 07:05 AM IST Tesla in a filing in federal court in Austin, Texas, where the company is based, said the workers who were terminated signed valid agreements to bring employment-related legal disputes in arbitration and to refrain from participating in class-action lawsuits.
Jul 14, 2022 06:58 PM IST Alibaba plans to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70, Reuters learnt from sources.
Jul 14, 2022 08:06 AM IST The filing comes a day after Twitter sued Tesla Inc Chief Executive Elon Musk for violating his $44 billion deal to buy the company and asked a Delaware court to order the world's richest person to complete the merger at the agreed $54.20 per Twitter share.
Jul 13, 2022 07:47 AM IST Separately, electric-car maker Tesla Inc will permanently shut its office in San Mateo, California, and will lay off 229 employees, a filing showed on Tuesday. They were working on the company's Autopilot driver-assistant system.
Jul 12, 2022 05:19 PM IST The company has laid off over 750 employees or about 12 percent of its workforce including educators and contractual employees since the start of 2022.
Jul 12, 2022 05:16 PM IST Vembu’s comments come at a time when startups in India across sectors are cutting costs aggressively in a bid to survive in the near term with VC and private equity (PE) funding slowing down amid a correction in global financial markets.
Jul 11, 2022 01:12 PM IST LifeCell’s diagnostics business and MFine will have a combined user base of more than six million. MFine, as a brand, will continue to exist as the consumer-facing platform, under the new entity LifeWell
Jul 05, 2022 04:52 PM IST The move to undertake layoffs also comes days after Ola decided to shut down Ola Dash, its quick commerce business, and also recast its cars business to focus more on strengthening its electric division.
Jul 04, 2022 10:59 AM IST Moneycontrol spoke to 15 people who were laid off in the past six months to understand their hopes and fears as they navigate the new normal. All the names of the laid-off employees have been changed in the story to protect their identities.
Jul 04, 2022 06:52 AM IST People may find jobs, but experts say having a degree and the requisite skills both become important.
Jul 03, 2022 10:13 AM IST Many Tesla employees have shared their termination stories online, seeking to connect with potential employers.
Jun 30, 2022 09:29 PM IST Substack CEO Chris Best told employees that the cuts affected staff members responsible for human resources and writer support functions, among others, according to a person familiar with the discussion.
Jun 29, 2022 06:23 PM IST Byju's has laid off full-time and contractual employees from Toppr, WhiteHat Jr, and its core team across sales and marketing, operations, content and design teams
Jun 28, 2022 08:09 PM IST Sources have also told Moneycontrol that employees from the sales and marketing team are largely impacted by this round of layoffs.
Jun 23, 2022 05:12 PM IST While thousands of startup employees have lost jobs, the number is small if one looks at the larger employment market canvas, experts said. While IT and ITes sector will continue its run, e-commerce and logistics as well as export oriented sectors including textiles, leather goods are doing well. Consumer goods sector will increasingly hire more as well as the retail and hospitality sectors.
Jun 21, 2022 11:33 AM IST Vauld will be looking at reducing marketing expense, slowing hiring, reducing executive compensation by 50% and pausing most vendor engagements
Jun 21, 2022 06:13 AM IST A daily round-up of the most interesting articles to help jump-start the day.
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