Startups’ pink slip count falls to 10,000 amid funding blues 4 min read Technology Startups’ pink slip count falls to 10,000 amid funding blues xploreme June 16, 2024 Indian startups have laid off about 10,000 employees so far in 2024 with funding across stages continuing...Read More
Ixigo IPO fully subscribed; more layoffs at Paytm 5 min read Technology Ixigo IPO fully subscribed; more layoffs at Paytm xploreme June 10, 2024 The IPO of travel firm Ixigo sailed through on the first day of its subscription opening. This...Read More
Paytm lays off employees as part of restructuring, facilitates outplacement support 2 min read Technology Paytm lays off employees as part of restructuring, facilitates outplacement support xploreme June 10, 2024 Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and...Read More
RBI cracks down on payment frauds; layoffs at Simpl 4 min read Technology RBI cracks down on payment frauds; layoffs at Simpl xploreme June 6, 2024 The central bank is setting up a panel headed by former NPCI chief Abhaya Hota to take...Read More
BNPL startup Simpl undertakes another round of layoffs, rejigs senior leadership 3 min read Technology BNPL startup Simpl undertakes another round of layoffs, rejigs senior leadership xploreme June 6, 2024 Bengaluru-based consumer credit startup Simpl has let go of 30 more employees a month after it laid...Read More
Startups’ new hiring strategies; unprecedented poll buzz online 5 min read Technology Startups’ new hiring strategies; unprecedented poll buzz online xploreme June 6, 2024 Happy Thursday! While layoffs continue, startups are strategically refilling certain open positions with lower-salaried junior staff to...Read More
IT CEOs’ salary in FY24; Wipro offers 85% variable pay 4 min read Technology IT CEOs’ salary in FY24; Wipro offers 85% variable pay xploreme June 5, 2024 Happy Wednesday! Top bosses at some of the country’s leading IT firms took home enhanced salary packages...Read More
Startup layoffs in 2024: Ola Electric, Byju’s, Flipkart among firms shedding jobs 2 min read Technology Startup layoffs in 2024: Ola Electric, Byju’s, Flipkart among firms shedding jobs xploreme June 4, 2024 On Monday, ETtech reported exclusively that electric vehicle maker Ola Electric is finalising plans to lay off...Read More
Microsoft to lay off about 1,500 employees at Azure cloud unit: report 2 min read Technology Microsoft to lay off about 1,500 employees at Azure cloud unit: report xploreme June 4, 2024 Microsoft is cutting hundreds of jobs at its Azure cloud unit, Business Insider reported on Monday, adding...Read More
Brands by scions attract VC money; Ola Electric layoffs 5 min read Technology Brands by scions attract VC money; Ola Electric layoffs xploreme June 3, 2024 Happy Monday! A new wave of brands founded by second generation entrepreneurs is snagging venture capital. This...Read More