
Meta initiates 3rd round of layoffs
Mark Zuckerberg-led Meta announced a three-part layoff round in March 2023 after firing around 11,000 employees in November last year
Mark Zuckerberg-led Meta announced a three-part layoff round in March 2023 after firing around 11,000 employees in November last year
Aggressive capital spend of $12.7 bn for a stranglehold in the cloud business could see profitability elude the Indian operations
The development comes a day after reports that said global tech giants Amazon and Meta have again resorted to layoffs
Last month, Amazon announced that the company will be trimming 9,000 more positions in the next few weeks, mostly in AWS, PXT, Advertising, and Twitch.
Amazon CEO Andy Jassy, in an email to employees, says it was a “difficult decision”, but it is best for the company long-term.
Biyani tendered his resignation from his position as the executive chairman of the company on January 23 this year.
ONDC was launched in line with the government's start-up India initiative on December 30, 2021, to curb the presence of digital monopolies in the domestic ecommerce market.
The companies whose applications were returned by the RBI are Freecharge, PayTM, PayU Payments, and Tapits Tech.
The Amazon-branded aircraft will transport customer shipments to cities such as Hyderabad, Bengaluru, Delhi, and Mumbai.
IT cos are on a churning spree amid a weak outlook. Big tech firms like Microsoft, Google, Amazon, Meta have laid off thousands of employees in recent months.