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Mark Zuckerberg-Led Meta to Begin Layoffs From Today; Those Impacted to Get Four Months Salary

Mark Zuckerberg-Led Meta to Begin Layoffs From Today; Those Impacted to Get Four Months Salary

by News | Nov 9, 2022 | Initiatives

Meta Platforms Inc will begin laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday, the Wall Street Journal reported Zuckerberg appeared downcast in Tuesday’s meeting and said he was accountable for the...
Flipkart FY22 Losses widen to over Rs 7,800 cr; net income Rises By 20%

Flipkart FY22 Losses widen to over Rs 7,800 cr; net income Rises By 20%

by News | Nov 8, 2022 | Initiatives

E-commerce major Flipkart’s losses widened to over Rs 7,800 crore in the financial year 2021-22 based on performance of its business-to-business unit Flipkart India and B2C e-commerce unit Flipkart Internet, according to regulatory filings. According to filings, the...
Byju’s Aakash Educational Services IPO Valuation Likely to Hit $4 Billion

Byju’s Aakash Educational Services IPO Valuation Likely to Hit $4 Billion

by News | Nov 4, 2022 | Initiatives

India’s most valuable start-up, online-education giant Byju’s, is finalising plans for a $1-billion initial public offering of its tutoring business Aakash Educational Services, according to people familiar with the matter. The company is in talks with at least four...
Uber Whistleblower says current Business Model ‘Absolutely’ unsustainable

Uber Whistleblower says current Business Model ‘Absolutely’ unsustainable

by News | Nov 3, 2022 | Initiatives

The Guardian and Le Monde newspapers reported in July that Uber Technologies Inc broke laws and secretly lobbied politicians as part of an aggressive drive to expand into new markets from 2013 to 2017. Uber said in July, in response to the Guardian and Le Monde...
United Pilots Reject Contract Deal That ‘Fell Short’

United Pilots Reject Contract Deal That ‘Fell Short’

by News | Nov 2, 2022 | Initiatives

pilots “overwhelmingly” rejected a tentative agreement that would have given them raises of about 15% over 18 months, their union said Tuesday, the latest setback in rocky labor talks between unions and airlines. The tentative agreement “fell short of the...
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