\ Elon Musk, the CEO of Tesla and Twitter, recently made headlines when he claimed that Microsoft was given exclusive access to OpenAI’s codebase as part of its investment in the generative AI firm. This news has raised concerns about the implications of such a move on the future of AI and innovation. OpenAI, which […]
Business, Technology
Glassdoor, the popular employer rating website, has announced a reduction in its workforce by approximately 15%, affecting 140 employees. The company’s CEO, Christian Sutherland-Wong, cited the “shifting macroeconomic environment” as the reason for the layoffs. In a memo sent to employees, Sutherland-Wong mentioned that they had exhausted all options to avoid this outcome. Glassdoor is […]
Business
Rahul Roy Chowdhury: Know the new Indian-origin CEO of Grammarly Rahul worked with Google for 14 years and rose to the position of Vice President of Product Management. After that, he joined Grammarly in May 2021, as Global Product Head. During his two years of service at the company, Rahul demonstrated his exceptional skills and […]
Business
Jack Dorsey, the co-founder of Block Inc. and Twitter, has reportedly lost $526 million in net worth after a report by Hindenburg Research accused the payments company of ignoring significant fraud. Dorsey’s net worth currently stands at $4.4 billion, according to the Bloomberg Billionaires Index, after an 11 percent decline in his fortune. Hindenburg Research […]
Business
Swiss technology firm Logitech recently announced that it would be laying off 300 employees due to a challenging global macro-economic environment. The company, which is known for making computer accessories, has cited lower enterprise and consumer spending as the reasons behind the slump in business. According to Logitech President and CEO Bracken Darrell, the decision […]
Business
As the world faces an impending recession, the tech industry is not immune to its effects. Tech giants like Amazon, Meta, and Accenture have already announced significant layoffs as they scramble to cut costs in response to the downturn. While these layoffs are sure to have a negative impact on those directly affected, there may […]
Business
In a statement released on March 16, 2023, job search website Indeed announced that it will be laying off about 2,200 employees. This move comes as a result of the company’s need to downsize its operations to better fit the current job market. CEO Chris Hyams explained the decision, stating that “with future job openings […]
Business
In a major development for small farmers in India, the Walmart Foundation has announced a new five-year strategy aimed at improving the livelihood of at least 10 lakh smallholder farmers, with a particular focus on empowering women farmers. The Foundation will provide grants to non-profit organizations working in collectivization and farm aggregation in several states, […]
Business
Indian automaker Mahindra and Mahindra Ltd is reportedly in advanced talks with global investors to raise between $1 billion and $1.3 billion to accelerate the expansion of its electric vehicle (EV) unit. According to a report from Mint, the company plans to raise capital by selling shares in its unit, currently valued at over $9.1 […]
Business