Saturday, May 18, 2024
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Layoff

Walmart-owned Flipkart has also stopped hiring new workforce to optimise its business operations

The company clarified that the job cuts primarily targeted positions that could be automated through AI processes

The 60 employees who were laid off were reportedly from tech, sales, customer success, and HR departments

The company, however, refused to comment on the layoffs

Raghavan outlines how AWS is working on constantly lowering the cost of curiosity and experimentation for founders, with its flagship Activate programme helping start-ups build products without worrying about costs

The affected employees will receive three months of severance pay, medical, dental and vision coverage through the Consolidated Omnibus Budget Reconciliation Act (COBRA)

Founded by entrepreneurs Anshul Rai and Varun Rathi, Happay has an employee bandwidth of more than 450 employees

With growing instances of companies employing AI chatbots to recommend business decisions, can it replace humans at senior management levels, or will it remain a tool in the hands of smart humans

Despite posting significant revenue in the 2021-22 financial year, Open did not cross the Rs 50 crore revenue mark and its losses widened to Rs 167 crore from Rs 65.6 crore during the period

Practo has raised nearly $250 million and is currently valued at $418 million