Category : Search result: IT companies layoffs


China condemns US sanctions on Russian oil giants

China launches scathing criticism against US sanctions targeting Russian energy corporations and EU measures against Chinese companies, calling them violations of international law.

Indian AI Startup Hires Meta's Laid-Off Employees

In a heartwarming response to Meta's massive layoffs, an Indian-origin AI startup founder is offering new opportunities to affected employees with competitive compensation packages.

Aurobindo Pharma Expands to Chile with New Subsidiary

Indian pharma giant Aurobindo Pharma establishes new subsidiary in Chile, marking strategic expansion across South American markets with focus on branded prescriptions and over-the-counter medicines.

US Sanctions Squeeze Reliance's Russian Oil Imports

Reliance Industries faces hurdles in Russian oil imports due to US sanctions on Rosneft and Lukoil, while Indian PSUs continue purchases via traders. Analysis of India's energy strategy amid global pressure.

IT Layoffs Rise: Firms Spin Job Cuts as Restructuring

India's IT sector faces turbulent times as major firms implement widespread layoffs while framing them as organizational restructuring. Discover the real impact on employees and the industry's shifting dynamics.

US sanctions Russian oil giants, EU bans LNG imports

In a significant escalation of economic pressure, the United States imposes sanctions on Russia's two largest oil companies while the European Union bans Russian LNG imports, targeting Moscow's energy revenue streams.

Beyond Meat Stock: 1,300% Surge Then Crash

Beyond Meat shares experience extreme volatility with a staggering 1,300% surge followed by a dramatic plunge, leaving traders reeling from the whiplash effect in this plant-based protein spectacle.

Meta cuts 600 jobs in AI shift, challenges OpenAI

Meta announces major layoffs affecting 600 employees as Mark Zuckerberg redirects billions toward AI superintelligence projects, directly challenging OpenAI in the artificial intelligence race.

Meta Slashes 600 AI Jobs in Major Restructuring

Meta implements significant workforce reduction, cutting 600 positions across its AI research division FAIR and infrastructure teams as part of strategic realignment in competitive AI landscape.

Mercenary Market Set to Explode: $100B Boom Ahead

The global private military and security sector is poised for unprecedented growth, with projections showing the market could surge from $224 billion to over $457 billion by 2030. Discover how geopolitical tensions and shifting warfare dynamics are fuelin

BPCL Interim Dividend & Q2 Results Date Announced

Maharatna PSU BPCL announces crucial dates for interim dividend declaration and Q2 FY2025 results. Discover what investors can expect from this oil marketing giant's financial performance.

Intellect Design: 26,000% Returns in 10 Years

Discover how Intellect Design Arena became India's multibagger sensation with staggering 26,000% returns over a decade, revolutionizing digital banking solutions globally.

India's NBFC Crisis: RBI Warns of US Subprime Parallels

RBI's Financial Stability Report reveals alarming parallels between India's NBFC sector and the US subprime auto loan crisis. Discover the regulatory gaps and systemic risks threatening India's financial ecosystem.

Indian IT Giants Bet Big on AI: $6-8B Strategy Revealed

Discover how India's top 5 IT services companies are investing billions in generative AI, reshaping their business models, and competing for $6-8 billion in new contracts as artificial intelligence transforms the industry.

Let Dragon Dance: Avoid Chinese JVs Say Experts

Expert analysis reveals why Indian businesses should steer clear of JVs with Chinese companies and embrace alternative strategies for sustainable growth in today's competitive market.

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