![]() | Amazon lays off hundreds in its Alexa division as it plows resources into AIIn a note to employees on Friday, Daniel Rausch, Amazon's vice president of Alexa and Fire TV, wrote that the company is eliminating certain roles because it is ditching some initiatives. |
![]() | Cash-strapped Byju’s to fire 4,000 employeesByju’s is also planning to repay the $1.2 billion term loan B within the next six months. It will clear the loan amount by selling Great Learning and Epic, which were acquired in 2021. |
![]() | Byju’s delays payments of laid off employeesThe employee said many people were fired from his team alone and that the company had sent a mail saying they would settle dues including dearness and travelling allowances and variable pay soon. |
![]() | GST on online gaming: Hike’s Rush Gaming lays off about 22% employeesHike founder and CEO Kavin Bharti Mittal said, “Business is in its best shape ever. This 400% rise in GST is a bazooka pointed at us. We’ll need to absorb some of it.” |
![]() | Popular chatting platform Discord lays off 37 employeesThe social media platform, which has 150 million monthly active users, is a voice and text chat platform largely aimed at gamers and teenagers. |
![]() | Used car startup Spinny lays off 300 as it merges two platformsThe Tiger Global-backed start-up merged its two platforms- Truebil and Max- with its main platform. This move will impact 4.5% of its total workforce. |
![]() | Amazon cuts jobs in its Fresh Grocery stores as it aims to rein in costsAmazon did not disclose how many employees would lose their jobs as a result. The Washington Post had reported late Wednesday that hundreds of Fresh employees would be let go. |
![]() | Dunzo likely to fire 200 in third round of layoffThis is the third round of layoffs in which about 200 employees are likely to be fired. |
![]() | Several top editors at Penguin Random House accept buyout offers, layoffs also underwayHarperCollins and Hachette Book Group are among other publishers who have offered buyouts in recent months. |
![]() | Sachin Bansal's Navi Technologies lays off around 200 employeesA source said that the lay-off started a couple of weeks back, and more employees are likely to be fired from the company. |
![]() | Reliance Retail-backed Dunzo defers June salariesIt fired 3% of its workforce or 80 employees in January and again another 30% in April to cut costs and also to streamline the start-up’s operations. |
![]() | Edtech start-up FrontRow shuts operationsIshaan Preet Singh, co-founder, FrontRow, told TNIE that 90% of start-ups don’t work out and we don’t have regrets. |
![]() | Still hiring: Big Tech layoffs give other sectors an opening in the USNo employer is making a more aggressive push than the country's largest: the federal government, which is aiming to hire 22,000 tech workers in fiscal year 2023. |
![]() | Mojocare lays off 170, investors flag irregularitiesEarlier, Online car service and repair start-up GoMechanic too had faced a similar issue and they admitted to financial reporting ‘errors’. |
![]() | Byju’s fresh layoffs to impact 1,000This decision comes at a crucial time when Byju’s hasn’t made any further payments including interest on a $1.2 billion Term Loan B (TLB). |
![]() | More trouble for Byju’s as lenders say lawsuit is ‘meritless’Earlier, during its US entity Byju’s Alpha issue, the company had said that it entered into the Term Loan B agreement with the clear intention of utilising the raised funds to drive growth. |
