According to an ET report, the cash-strapped airline will lay off around 15% of its workforce. However, SpiceJet is yet to confirm the number of jobs being cut.
The company which introduced India to mobile payments is building an India-scale AI system to help financial institutions capture possible risks and frauds in the sector.
The layoffs, which will affect over 300 workers, are part of a rejig announced by founder and CEO Kabeer Biswas, the report stated, citing several people aware of the matter.
As part of restructuring, the video streaming service will combine small and midsize picture productions units, resulting in a few job cuts, the report said.
In an internal email, the CEO cited a funding winter & pressure to turn profitable as the reason for these layoffs. Other companies to have cut staff include Tiger Global-backed Vedantu & Byju's.
More than half of the layoffs will affect staff at its non-billable corporate functions, the IT company said, sending its shares up more than 4% before the bell.
Since 1979, Iran has used the Palestinian issue as a façade for its regional agenda to oppose American diplomacy, the Western world, and the existence of Israel.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.
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