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According to Amazon CEO Andy Jassy on Thursday, the massive layoffs that started this week in Amazon’s corporate ranks will continue into the following year. Jassy claimed that the business informed workers in its electronics and books divisions about layoffs on Wednesday. He said that a voluntary buyout offer was also made to a few […]
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Facebook parent company Meta Platforms Inc announced on Wednesday that it would lay off 13% of its workforce, or more than 11,000 workers, as part of a plan to cut costs at the social media platform in the wake of disappointing earnings, rising costs, and a weak ad market. This is one of the most […]
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Due to “tough economic conditions,” Unacademy, an Indian online education startup, will lay off 10% of its workers, it announced in a letter to employees on Monday. This is the company’s second wave of layoffs this year. Founder and CEO Gaurav Munjal claimed in the letter, which was seen by Reuters, that despite efforts to […]
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Ajit Mohan, the India director for Facebook’s parent company Meta, has resigned from his post with immediate effect, almost four years after joining the digital giant. According to information, Mohan has joined rival Snap as the president of its Asia Pacific division. The change was verified by Meta. Ajit has chosen to leave Meta in […]
Continue ReadingFootball player Lionel Messi has been chosen as the first global brand ambassador of BYJU’s, a prominent EdTech company, for its social impact arm Education For All, the company announced on Friday. According to the programme, Messi will support equal education, according to a statement from BYJU’S. Messi is the Argentine football team’s captain and […]
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Rupee Rate Today: On Tuesday, the rupee strengthened 10 paise to settle at 82.71 (provisional) against the US dollar after the dollar dropped from its high points. The local currency started out at the interbank foreign exchange market at 82.74 and fluctuated between a high of 82.59 and a low of 82.79. It ultimately finished […]
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As-hours trading on Thursday saw a nearly 20% decline in Amazon stock after the brand revealed that its crucial holiday shopping season will be lower than anticipated. The business is the newest digital juggernaut to let Wall Street down this week. Amazon experienced great growth during the pandemic, but since then, expenditures have gotten out […]
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Today’s gold prices in Indian markets maintained within a small range, with futures on the MCX trading between 50,065 and 50,386 rupees per gramme. In contrast, gold had closed the previous session at $50,200. Futures for silver increased by 1% from 56,640 per kilogramme. Spot gold prices were slightly higher on international markets, at $1,631.54 […]
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At 12.56 p.m., the shares of Wipro were down 7.11% from the previous close, trading at Rs. 378.95. For the quarter that ended in September 2022, the IT giant recorded a fall in its consolidated earnings after tax of 9.27% to Rs2,659 crore. The company’s PAT during the prior year’s quarter was Rs2,930 crore. The […]
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After the business’s board approved bonus shares in the ratio of 5:1, or five bonus shares for every one share held in the company, FSN E-commerce shares, which trade under the Nykaa name, rose 11% to Rs 1,411.80 on the BSE on Monday. Since August 19, the stock’s current price is the highest it has […]
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