The wave of layoffs has swept through major tech companies including Mozilla, Sonos, Boeing, Stellantis, Samsung, Brave and GoPro. In India, companies like Swiggy, Ola, Unacademy, Cirium, Freshworks and Reliance have also trimmed their workforce through the year.
Cloud storage company Dropbox is cutting about 20% of its workforce, while social media platform TikTok plans to let go of approximately 500 employees, primarily in content moderation roles that will be handled by artificial intelligence.
"This market is moving fast and investors are pouring hundreds of millions of dollars into this space. This both validates the opportunity we've been pursuing and underscores the need for even more urgency, even more aggressive investment, and decisive action," Dropbox CEO Drew Houston said in a note to employees. The company faces intense competition in personal and enterprise business from technology giants Google, Microsoft and Box.
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Bitcoin Bonanza? Don't Overlook Tax And Reporting
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Mahayuti to pick CM after polls through a democratic process'
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Top court cracks down on bulldozer justice by states
Describing a house as \"an embodiment of the collective hopes of a family or individuals' stability and security\", the Supreme Court on Wednesday laid down nationwide guidelines to curb arbitrary demolitions by state authorities, marking a significant moment in the battle against what has come to be known as \"bulldozer justice\"-- the practice of razing the properties of people accused of crimes, and, sometimes, of their families, often using earthmovers or bulldozers, without following due process.
Batting time: Preparations in lockdown mode for India
All-out attack failed against New Zealand, and Aussie opener Usman Khawaja seems to have a point
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India's wholesale passenger vehicle sales grew marginally year-on-year to 393,000 units in October despite two major festivals celebrated during the month.
Fox News host picked as US def chief
President-elect Donald Trump has said that the new secretary of defence Pete Hegseth is a true believer in America First approach
Biden meets Trump, promises smooth transition of power
Donald Trump left White House on January 20, 2021, as a bitter man angry at the 2020 election results that he continued to reject, as an isolated man whose own party sought to distance itself from Trump after the mob insurrection on US Capitol, as a politician whose political obituary was being widely written in Washington DC and beyond, and as a president who had broken the tradition of peaceful transfer of power.
COP29: Developing nations start work on new climate finance text
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Cautious rebuilding of Delhi-Kabul ties
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