US investors slash valuation of Byju's by 62%, Meesho by 10%
Blackrock, which manages over $10 trillion in assets, had first entered Byju's roster of marquee investors at a $12-billion valuation in 2020.
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Meesho lays off 251 employees; 15% of total workforce
Meesho says it’s looking forward to working with a "leaner organisational structure to achieve sustained profitability"
Meesho’s Top Priority: Well-being
Employee well-being, an important milestone for employers of the future, has been at the centre of Meesho’s strategy since its launch in 2015.
Spotify to shut offices for a week to allow employees to ‘recharge’
Spotify joins list of companies prioritising employee well-being to provide best working environment. As part of ‘Wellness Week’, all Spotify offices will be closed everywhere in November.
India's e-tail market to grow by $110-130 bn in 6 years: Bain
Shopper addition will continue to be at the heart of future e-retail growth. India's online shopper base is estimated to increase to 400-450 million by 2027, say analysts at the firm.
WeWork India announces 10-day ‘Diwali break’ for employees
The coworking space major says the surprise holiday break will help the employees celebrate Diwali with family and loved ones. A similar initiative has been taken by e-commerce startup Meesho.
Meesho offers 11-day break to employees after busy festive sale
Employees can choose to decompress however they want – whether it's spending time with near and dear ones, traveling or picking up a new hobby, says Meesho.
Meesho sacks 150 full-time employees
Meesho says it is offering severance packages and outplacement assistance to help those impacted by the layoffs.
“Had to make sure app is usable in an unstable environment”
“Our customers are unique in terms of the kind of internet connections they have, the kind of phones they run. So, when you build a product for them, it has to be very simple.”
Cos rush with WFH recharge breaks, here's why
As companies come up with smarter ways to stem attrition among their employees, psychologists warn that work-from-home has become one of the leading contributors to stress and depression.
