Reuters | | Posted by Ritu Maria Johny Alphabet Inc is eliminating 12,000 jobs, its chief executive said in a staff memo shared with Reuters. The cuts mark the latest to shake the technology sector and come days after rival Microsoft Corp said it would lay off 10,000 workers. TheContinue Reading
Online food delivery platform Swiggy is reportedly laying off 380 employees and shutting down its meat marketplace, a move which its co-founder and chief executive officer termed as ‘difficult decision’. In an internal email to his employees, co-founder and CEO Sriharsha Majety said the company had advanced its plans forContinue Reading
Online home-goods retail firm Wayfair is set to terminate more than 1,000 employees due to decline in its sales. This comes four months after the company had laid off 870 employees, which is roughly five per cent of its workforce, Bloomberg reported. Wayfair has been struggling with declining sales forContinue Reading
Reuters | | Posted by Aryan Prakash Amazon.com Inc will cut some jobs in the United States, Canada and Costa Rica by the end of Wednesday as part of its plan to lay off 18,000 employees, the e-commerce giant said in a memo to staff seen by Reuters. The layoffsContinue Reading
Reuters | | Posted by Ritu Maria Johny Walmart-owned Indian digital payments app PhonePe said on Thursday it has raised $350 million at a valuation of $12 billion in a funding round led by private-equity firm General Atlantic. Funding rounds backed by venture capital firms have slowed down, with IndianContinue Reading
Union finance minister Nirmala Sitharaman will present the Budget 2023 on February 1. Among the taxpayers expecting for relief from the budget are the salaried professionals. According to the income tax department, around 50 per cent of the income tax returns (ITR) filed in 2022 were by salaried professionals. TheseContinue Reading
PTI | | Posted by Ritu Maria Johny FMCG major Hindustan Unilever Ltd on Thursday reported a 7.9 per cent increase in its consolidated net profit to ₹2,481 crore for the third quarter ended December 31, 2022. The company had posted a net profit of ₹2,300 crore in the October-DecemberContinue Reading
Netflix is hiring a flight attendant for one of its private jets and is willing to pay over a quarter million dollars a year ($385,000). The successful candidate should possess “independent judgement, discretion and outstanding customer service skills” and will work on a super midsize jet flying domestic and internationalContinue Reading
Markets end in red: Sensex down 187 points at 60,858, Nifty at 18,107 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 andContinue Reading
Move over quiet quitting and moonlighting, rage-applying is dominating the internet space now, quite literally. The trend which reportedly took off after a Tik Tok video went viral, means exactly what it says. Gen Z and millennials are aggressively shooting off applications in search of better pay and work environments.Continue Reading