Amazon to cut around 1,000 jobs in India, still remains dedicated to Alexa
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DPIIT to conduct third-party assessment of Startup India Seed Fund Scheme
The Department for Promotion of Industry and Internal Trade (DPIIT) will undertake a third-party assessment of the Startup India Seed Fund Scheme.
The scheme was launched in 2021, with a budget of Rs 945 crore.
Google to pay $23 million to settle class action lawsuit over search data sharing
Google is settling a class action lawsuit with a $23 million payment.
The lawsuit was filed over a decade ago and alleged that Google was sharing some search data with third-party companies.
Lead School to acquire Pearson’s India K-12 business
Lead School, an edtech unicorn, is acquiring Pearson’s India K-12 business.
Sumeet Mehta, Lead School’s cofounder and chief executive, says the acquisition will help expand the company’s network to 9,000 schools from around 3,500 currently.
Salesforce CEO compares layoffs to mourning people who have died
Salesforce CEO Marc Benioff compared the loss of employees due to layoffs to mourning people who have died.
During a two-hour all-hands meeting, Benioff avoided questions about the company’s plans to cut 10% of its workforce.
Amazon remains dedicated to Alexa despite job cuts
Amazon’s devices and services organization was significantly impacted by the recent layoffs.
Alexa was a major target of the layoffs. Despite the job cuts, Amazon is still fully committed to Alexa.
Digital India Bill to include offences of ‘gaslighting’ and ‘catfishing’
The Ministry of Electronics and Information Technology (MeitY) is working on bringing in a law that addresses modern harms in the internet space.
The Digital India Bill will include offences of ‘gaslighting’ and ‘catfishing’.
Wells Fargo terminates employee accused of urinating on woman in business class
Wells Fargo fired an employee accused of urinating on a woman in business class during a New York-Delhi flight.
The US bank found the allegations about the employee’s conduct on the Air India flight in November “deeply disturbing”.
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Chamath Palihapitiya predicts Google Search will be the biggest loser of 2023
Chamath Palihapitiya, a venture capitalist, believes Google Search will be the biggest business loser of 2023.
This prediction was made on the business podcast All-In. This prediction is due to the rise of AI chatbots such as ChatGPT.
Salesforce Co-CEO Marc Benioff suggests potential further layoffs after this week’s job cuts
Salesforce Co-CEO Marc Benioff hints at potential further layoffs following this week’s job cuts.
Salesforce is facing slowed growth, an activist investor worried about the company’s operating leverage, and a series of high-profile departures.
Amazon to cut around 1,000 jobs in India
Amazon CEO Andy Jassy announces plans to lay off over 18,000 employees starting January 18.
Around 1,000 employees in India will be affected.
#RecommendedBook of the day
The No Asshole Rule: Building a Civilized Workplace and Surviving One That Isn't
When one or two “bad apples” are kept around—and perhaps rejected, punished, and shunned—everyone else is more conscientious about following the rules.
More:
BMW to adopt Android Automotive OS in 2024, without Google’s assistance
Germany urges Elon Musk to take action against disinformation on Twitter
Centre predicts 7% GDP growth in 2022-23
The Centre predicts a 7% growth in GDP in 2022-23.
Government data estimates Indian economy to grow at 7%.
BMW to adopt Android Automotive OS in 2024, without Google’s assistance
BMW plans to adopt Android Automotive OS in 2024.
Google will not be providing assistance. The move will have an impact on the next generation of cars.
Wells Fargo terminates employee accused of urinating on woman in business class
Wells Fargo fired an employee accused of urinating on a woman in business class during a New York-Delhi flight.
The US bank found the allegations about the employee’s conduct on the Air India flight in November “deeply disturbing”.
Apple Reportedly Cancels Plans for iPhone SE 4 Release in 2024
Apple has reportedly informed suppliers that it has canceled plans to release a fourth-generation iPhone SE in 2024, according to analyst Ming-Chi Kuo.
Kuo previously said that the fourth-generation iPhone SE would be released in 2024, but now believes the device has been canceled.
Karnataka High Court halts 5% limit on cab aggregator fees
Karnataka High Court has put a halt on the 5% cap on cab aggregator fees.
The court’s final decision on the debated fees will be announced on January 12, 2023.