Elon Musk has reportedly fired one of Twitter’s two remaining principal engineers for stating that the Tesla CEO’s popularity has nosedived over the last year. According to the tech news site Platformer, Musk on Tuesday held a meeting to discuss the dip in engagement on Twitter. Finding it ‘ridiculous’ thatContinue Reading
News Corp said on Thursday that it would cut 5% of its workforce, or 1,250 jobs, after the media conglomerate fell short of quarterly Wall Street estimates for profit and revenue, hurt by declines across its businesses including news. The company also said it incurred $6 million in one-time costsContinue Reading
Yahoo Inc. will eliminate about 1,000 jobs beginning this week, or roughly 12% of its employees, the first round of cuts in a larger plan to restructure its advertising tech division amid a wave of layoffs in the industry. The company, owned by Apollo Global Management Inc., plans to reduceContinue Reading
With Saab and Adani Group having decided not to go ahead with the agreement for manufacturing Gripen E fighter in India, Mats Palmberg, India Head of the Swedish aerospace and defence company, said on Thursday that it was “mutual decision”. An agreement was signed in 2017 between Adani Group andContinue Reading
Explaining why the stock brokerage firm does not have a data scientist, Zerodha CEO Nithin Kamath said not only the data scientists do not provide useful insights but the brokerage firm also never upsell. ALSO READ: Want a secure retirement life? 5 tips by Zerodha co-founder Nithin Kamath you shouldn’tContinue Reading
Sensex closes 142 points up at 60,806; Nifty near 17,895. ABOUT THE AUTHOR Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we’veContinue Reading
Christly Flis, who was working with Zoom as its Head of Global Education and Head of Women, has expressed her ‘utter disbelief and shock’ after being laid off by the company which announced on Feb 7 it will lay off approximately 15% of its staff, or around 1,500 employees. Flis,Continue Reading
After streaming service Netflix, food delivery app Swiggy has laid down restrictions on password sharing. The use of Swiggy One – its premium membership – has now been limited to two devices. There is currently no limit on the number of devices that can log into any given Swiggy OneContinue Reading
Bloomberg | | Posted by Ritu Maria Johny Adani Group shares dropped at the start of trading, ending a two-day reprieve, after MSCI Inc. said it was reviewing the amount of Adani Group-linked shares freely tradable in public markets. Nine of the group’s 10 stocks declined, with flagship Adani EnterprisesContinue Reading
Bloomberg | | Posted by Ritu Maria Johny The Adani Group plans to prepay a $500 million loan due next month to a group of banks as the Indian conglomerate looks to bolster its finances following a short seller attack. Barclays Plc, Standard Chartered Plc and Deutsche Bank AG areContinue Reading