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cost cutting

Cult.fit: Cult.fit takes profit call, terminates over 100 employees

Fitness startup Cult.fit has laid off 100 to 120 employees as part of a cost cutting exercise, people in the know told ET.The firm’s parent entity, Curefit Healthcare, runs several brands like Sugar.fit, Carefit and Cult.fit, and is backed by the likes of Tata Digital and food delivery major Zomato.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Senior Management ProgrammeVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School…

Fintech giant Paytm lays off over 1000 employees as cost-cutting measure

Fintech giant Paytm lays off over 1000 employees as cost-cutting measure Fintech giant Paytm lays off over 1000 employees as cost-cutting measure FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your…

Next-generation Googles run a tighter ship

Mark Zuckerberg dubbed 2023 as Meta’s “year of efficiency", corporate-speak for admitting that his social-media empire was bloated. Since November Meta has cut 21,000 jobs, or about a quarter of its workforce. Bosses of its fellow tech titans have also embraced the efficiency mantra. Alphabet (Google’s corporate parent), Amazon and Microsoft have collectively shed more than 50,000 jobs since October. As big tech reports its earnings this week expect more talk of “re-engineering the cost base".…

Want to Use Less Air Conditioning? Just Turn on a Fan

Earlier this year, the UK attempted to go coal-free. But an increased need for air conditioning forced the usually temperate country to reverse itself and restart an old coal-fired power plant — after only 46 days.This is a cycle that's likely to get more vicious as hotter weather leads to more air conditioning, which exacerbates both global warming and urban heat islands. But maybe we don't need nearly as much AC as we think. The answer isn't to suffer in pools of sweat but to use scientific knowledge about human…

startup funding: As funding winter sets in, top rung at new-age companies faces pay freeze

Several startups and ecommerce companies are likely to freeze salaries for senior management during appraisals as they step up cost-cutting measures to survive a harsh funding environment.As pressure mounts to conserve cash, founders, investors and human resources experts told ET that many startups will hold back raises for senior staff this year. At some companies, including those undergoing layoffs, top management may take pay cuts as well, they said.At February-end, ecommerce firm Flipkart announced that it would be…