As the economy struggles to move from lower-middle to higher-middle income, AI is threatening its biggest advantage: the youth bulge it enjoys against other countries that are rapidly aging.
According to Meta's Head of People Janelle Gale post, notices will go out to employees losing their jobs starting at 5 am local time Monday in most countries, including in the US.
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.
While the commission didn’t mention provisions under which IndiGo's market domination would be examined, Competition Act 2002 prohibits abuse of dominant position by any enterprise.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
COMMENTS