lays

In the latest string of layoffs in the funding winter, conglomerate Indiabulls' social commerce platform Yaari has reportedly laid off nearly 150 employees which makes 60 per cent of its workforce.According to a report in the leading startup news coverage portal Inc42, Yaari is likely to be merged with another Indiabulls-backed entity called 'Dhani', which is an ecommerce platform.The layoffs reportedly occurred in the last week of April across supply support, customer support, business development and marketing…

Online gaming platform Mobile Premier League (MPL) is laying off 100 employees and exiting the Indonesia market over poor growth.The current business metrics "do not justify further investments into this unit", according to an internal email sent by MPL co-founders Sai Srinivas and Shubh Malhotra.Founded in 2018, MPL hosts hundreds of millions of tournaments a month and is trusted by over 90 million registered users across India, Indonesia, Europe, and the US."We have made the decision to wind down our Indonesia…

Grocery app Gorillas, which promises to deliver goods in as quickly as 10 minutes, is laying off half of its office staff. In a press release, the company said it was letting go 300 employees from an estimated 600 “global office workforce.” (This workforce also includes roughly 14,400 staff working in warehouse and as delivery drivers.) The company is also planning to tighten its focus on five markets that account for 90 percent of its revenue: the UK, US, Germany, France, and the Netherlands. The company also operates…

Pre-owned e-commerce platform CARS24 on Thursday said that around 600 employees have been let go based on their poor performance and not owing to any “cost cuts”. Calling it “business as usual”, the company. which has a nearly 9,000-strong workforce, and is in the process of hiring more globally, said its business is actually growing in India, the Middle East, Australia, and Southeast Asia. “This is business as usual as these are performance-linked exits that happen every year,” the company said in a statement shared with…

Netflix's revelation that it lost 200,000 subscribers in the first quarter put further pressure on an already beleaguered tech sector, but top tech analyst Mark Mahaney believes the current weakness in the sector presents several opportunities for investors.Aaronp/bauer-griffin | Gc Images | Getty ImagesNetflix is laying off around 150 employees across the company, CNBC confirmed Tuesday.The eliminated positions represent less than 2% of the streamer's 11,000 staffers, with most of the cuts happening in the U.S."As we…

According to AMD, its graphics cards offerings provide users with the best bang for the buck compared to its arch-rival Nvidia. The unsurprising claim was made by AMD's Chief Architect of Gaming Solutions and Marketing, Frank Azor, who took to Twitter to share a listing of AMD's GPUs on the RX 6000 series compared to Nvidia's RTX 3000 series cards. Of course, companies always tout their own products against the competition - it's just good business in general. And when it comes to the world's best GPUs, every bit of…

Back in 2014, Seatylock turned a few heads with a folding bike lock that was built into the underside of a saddle. The company's new Foldylock Forever is not seat-integrated, but it is claimed to be the strongest folding lock in the world.According to Seatylock, the Foldylock Forever "passed the highest security test ever conducted on folding locks."It was thus awarded a Gold certificate by Sold Secure, which is an independent company that assesses and rates security products. Gold is the second-highest rating that Sold…

Air temperature anomalies across the continental United States and Canada on June 27, 2021, when the heat intensified and records started to fall. Red areas are where air temperatures climbed more than 27°F higher than the average for the same day. Credit: NASA Earth Observatory Last summer, a deadly wave of heat struck the Pacific Northwest, causing temperatures to soar more than 30 degrees Fahrenheit above normal and…

Editor’s note: New Delhi MP Meenakshi Lekhi makes her debut as a fiction writer with her latest book, The New Delhi Conspiracy. Co-authored by Lekhi and Krishna Kumar, the book, a political thriller, was launched on Friday by BJP MP JP Nadda at NCUI Auditorium & Convention Centre, New Delhi. The book is a work of fiction and claims to be adventurous and intriguing and begins with the death of a scientist, who warns a woman politician in New Delhi about the impending danger to the life of Raghav Mohan, the…

Consumers aren’t the only ones feeling the pinch from the rapid rise in interest rates this year. More mortgage firms are starting to let workers go as demand for mortgage refinancings falls off a cliff. Employees at American Financing Corp. in Aurora experienced the harsh new reality facing the mortgage industry Monday when they were called to a Zoom meeting titled “Our Future Includes You.” For a large, but undisclosed number, that description wasn’t entirely accurate. “The mortgage market is starting to normalize after…