Google has made an error in the calculation of stock severance for laid off staff, according to a report by Business Insider. The tech giant informed its sacked employees on Thursday that its emails had mentioned an incorrect number of stocks as part of the severance package – one ofContinue Reading
Amazon and Flipkart Health plus are among the 20 online sellers that have been issued show-cause notices by the Drugs Controller General of India (DCGI) over the online sale of drugs in violation of norms. The show-cause notice dated February 8 by DCGI V G Somani cited a Delhi HighContinue Reading
Joining the layoff spree, GoDaddy has announced it is slashing 8% of its existing workforce, with the drive expected to impact more than 500 employees. Also Read | EBay to layoff about 500 staff amid declining sales: CEO The layoffs were announced by GoDaddy CEO Aman Bhutani in an internalContinue Reading
Jeremy Doig, chief technology officer of Walt Disney Co.’s streaming services, has left the company, according to an internal note seen by Bloomberg, the latest high-profile departure as chief executive officer Bob Iger restructures the world’s largest entertainment company. Doig joined Disney last March after a long run at GoogleContinue Reading
BharatPe’s original founder Bhavik Koladiya ‘pulled off the biggest data theft in India till date,’ the company’s estranged co-founder Ashneer Grover has alleged, accusing Koladiya of stealing details of around 150 million users of the Unified Payments Interface (UPI) app. Grover, BharatPe’s former Managing Director (MD), made the allegations inContinue Reading
In the fixed-income space, Voluntary Provident Fund (VPF) is one of the schemes through which employees can increase their contributions towards the Provident Fund (PF). Investing smartly in PF, in return, not only helps in generating wealth, but also in achieving early retirement plan goals. What is Voluntary Provident Fund?Continue Reading
Microsoft Corp., implementing the layoff of 10,000 workers announced last month, on Thursday cut jobs in units including Surface devices, HoloLens mixed reality hardware and Xbox, according to people familiar with the matter. Cuts to much of the HoloLens hardware team throw into question whether the company will produce aContinue Reading
Nearly three years after India’s ban on TikTok, the Chinese video sharing app has sacked all its 40 Indian employees. According to a report by the Economic Times, the workforce – laid off after a call this week – will be given a severance pay of 9 months. The staffContinue Reading
Reliance Industries Limited (RIL) managing director Mukesh Ambani stated on Friday at the UP Global Investors’ Summit 2023 that India is changing in terms of the rural-urban divide, and that Uttar Pradesh is a “shining example” of this. Ambani praised Prime Minister Narendra Modi, saying, “Thanks to your (prime minister’s)Continue Reading
India has overtaken France to become the UK’s largest market of Scotch whisky in terms of volume with a 60 per cent hike in imports in 2022 over the previous year, according to the latest figures released by Scotland’s leading industry body. The Scotch Whisky Association (SWA) revealed on FridayContinue Reading