The Latest

Amazon to fire as many as 10,000 employees this week across corporate and tech sectors: Report

Firing employees to manage costs have been the norm of the year,…

Fintech SaaS Lentra nabs $60 million from Citi, others to fuel global expansion

Indian fintech space has emerged as the next tech powerhouse of sorts…

FTX files for bankruptcy amid surge in customer withdrawals, failed acquisition and liquidity crunch

The fortunes of crypto exchange FTX have fallen from bad to worse…
Delhivery

Delhivery losses for Q2 FY23 drop by 60%, revenues up by 22% QoQ with robust growth in services

Logistics and supply chain unicorn Delhivery, in the second quarter of the…
Tesla CEO Elon Musk

As more execs leave Twitter, Musk warns employees that bankruptcy isn’t out of the question

Who would have thought, that Bankruptcy and Twitter would be the words…
Zomato

Zomato’s food delivery, quick commerce businesses grow in Q2 FY23, net loss narrows to ₹251 crore

Restaurant aggregator and food delivery major Zomato reported on Thursday that it…

Crypto industry rocked after Binance pulls out of FTX acquisition, cryptocurrencies sent reeling

The crypto industry has already been hit hard this year, and FTX’s…

Meta confirms layoffs, set to reduce headcount by over 11,000 and extend hiring freeze throughout Q1 2023

Confirming earlier reports of Meta laying off in masses, the Facebook-parent has…

Binance to bail out struggling rival FTX through acquisition

Amid the current extremely torrid crypto and macro economic times, Binance, the…
Skyroot

[Updated]: Skyroot Aerospace to launch India’s first privately developed rocket on Friday

Update: The original launch date was set for November 15, but has…
Twitter

Twitter usage at an “all-time high”, says Elon Musk

Musk’s acquisition of Twitter had sparked fears and concerns that users would…

Paytm disbursed 9.2 million loans in Q2 FY23, net loss widens to ₹571.5 crores

One97 Communications, the parent company of fintech giant Paytm, revealed on Monday…
Unacademy

Indian edtech unicorn Unacademy lays off 10% of its employees, 2nd such instance within this year

With schools, colleges, and universities resuming offline classes and welcoming students back…

With growth stalling, Meta now reportedly planning to lay off thousands this week

Facebook parent Meta is the latest among US’ BigTech to reportedly look…

Mass layoffs lands Twitter in lawsuit, being sued for alleged violation of federal and California laws

For months, Twitter was embroiled in a lawsuit with Elon Musk to…

WhatsApp launches Communities, lets groups add up to 1024 members, and more

Earlier this year, Meta-owned WhatsApp introduced Communities, a step further than the…