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.
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.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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