Author: OfficeChai Team

Here’s How Long Employees Work On Average At Companies Like Google, Facebook And Uber

Posted on by OfficeChai Team
Here’s How Long Employees Work On Average At Companies Like Google, Facebook And Uber

The world’s best tech companies are also the hardest to get into. Thousands of hopefuls apply for every position that’s available, and candidates must have stellar resumes to be noticed by recruiters. Candidates must have relevant experience, and impress existing employees through interview processes that can span months. But at the end of this all, it turns out these employees don’t stay at these top companies for very long. Employees at world’s top tech companies don’t even stay on…

MakeMyTrip Now Spends More On Promotions Than It Earns In Net Revenue

Posted on by OfficeChai Team
MakeMyTrip Now Spends More On Promotions Than It Earns In Net Revenue

If you thought Indian startups were struggling to be operationally profitable, established companies are faring no better. MakeMyTrip spent more money on sales and promotion activities than it made in net revenues last quarter, a report from Nomura has said. MakeMyTrip’s marketing and sales promotion expenses rose to $142.3 million (Rs. 900 crore) last quarter. Through these promotional costs, MakeMyTrip was able to earn net revenues of only $141.2 million. The net revenues was the money…

Infosys Investors Lose Rs. 30,000 Crore As Sikka, Board And Narayan Murthy Trade Accusations

Posted on by OfficeChai Team
Infosys Investors Lose Rs. 30,000 Crore As Sikka, Board And Narayan Murthy Trade Accusations

Even as Vishal Sikka, Infosys’ board and founder Narayan Murthy trade insults, Infosys investors have lost over Rs. 30,000 crore — Infosys stock has crashed 10% since the news of Sikka’s resignation was made public. Earlier today morning, Infosys CEO Vishal Sikka announced his resignation. He also published a remarkably candid blog explaining his decision. ” I cannot carry out my job as CEO and continue to create value, while also constantly defending against unrelenting, baseless/malicious and increasingly…

Vishal Sikka Has Resigned As Infosys CEO Citing “Personal Attacks”, Shares Down 7%

Posted on by OfficeChai Team
Vishal Sikka Has Resigned As Infosys CEO Citing “Personal Attacks”, Shares Down 7%

Vishal Sikka’s tumultuous reign as Infosys CEO has come to an end. Sikka has resigned as the Chief Executive Officer and Managing Director of Infosys. Pravin Rao has been appointed as the interim CEO. In a letter to stock exchanges, Company Secretary AGS Manikantha confirmed the development, saying the resignation was accepted at a board meeting on August 18. Sikka will now be the executive vice-chairman of the company. “The succession plan for appointment of…

Uber’s Self Driving Head Wanted To “Call Elon Musk Out On His S**t” Over Tesla Claims

Posted on by OfficeChai Team
Uber’s Self Driving Head Wanted To “Call Elon Musk Out On His S**t” Over Tesla Claims

While the world was agog when Elon Musk had made his announcements about Tesla’s self driving car last year, the engineers over at Uber were less than impressed. A series of text messages between Travis Kalanick and Anthony Levandowski, the former head of Uber’s driverless car project, show that the duo were dismissive of the claims made by Elon Musk over Tesla’s self-driving capabilities. These SMSes have been released as a part of a court case…

Founded In 2006, Barbeque Nation Has Just Filed For Its IPO: This Is Its Incredible Story

Posted on by OfficeChai Team
Founded In 2006, Barbeque Nation Has Just Filed For Its IPO: This Is Its Incredible Story

Among the spate of companies that have hit the public markets this year, there’s one which is lined up which might be tastier than most — Barbeque Nation. Barbeque Nation, the nationwide chain of restaurants known for its live-grill menu, has filed for an IPO. The company plans to raise Rs. 700 crore from public markets to expand its presence across the country. After being founded in 2006, Barbeque Nation has quickly grown to 81…

Annual Business Conclaves at XIMB: All Aspects of Business Finance and Operations Explored

Posted on by OfficeChai Team
Annual Business Conclaves at XIMB: All Aspects of Business Finance and Operations Explored

X-FIN, the Finance Association of XIMB organized their annual business conclave “Finomics 2017” on 12th August 2017,Saturday, 2pm. The topic of discussion for the conclave was “Universal Basic Income: The elixir against inequality?”. The conclave was opened by elucidating on the major aspects of the UBI – Universality, Conditionality and Agency. The first speaker of the day was Mr. Shaktikanta Das, Former Economist Affairs Secretary, Govt. Of India, who stressed on the need for effective…

Google Fired James Damore, But All 25 Finalists In Its Code Jam Coding Competition Are Men

Posted on by OfficeChai Team
Google Fired James Damore, But All 25 Finalists In Its Code Jam Coding Competition Are Men

Google might have fired James Damore for saying that the higher proportion of men in engineering positions wasn’t because of explicit discrimination, but its own non-discriminatory coding competition has thrown up some embarrassing results for the search giant. All 25 finalists in Google’s Code Jam — its annual coding competition that attracts the best programmers on the planet — were men. In fact, a report had claimed that no woman has ever made it to the…

Author Rashmi Bansal Wants Intern To Work For A Year For A “Small Stipend”, Gets Trolled

Posted on by OfficeChai Team
Author Rashmi Bansal Wants Intern To Work For A Year For A “Small Stipend”, Gets Trolled

Author Rashmi Bansal has stirred up debate about unpaid internships in India by posting a job opening in which she says she’ll only pay a small stipend to an intern who’ll work with her for a year. Bansal, who’s written books like Stay Hungry, Stay Foolish, and also founded youth magazine JAM, said she was looking for an intern to help her with her projects. “I am looking for a hungry and foolish young person who…

Snapdeal Employees Write Anonymous Letter To Prime Minster And CBI, Attack Founders

Posted on by OfficeChai Team
Snapdeal Employees Write Anonymous Letter To Prime Minster And CBI, Attack Founders

Snapdeal’s sorry saga has now reached the office of the Prime Minister of India. A group of anonymous Snapdeal employees have written about their grievances to a host of high ranking officials, including the Prime Minister of India, the leader of opposition and the commerce Minister. They allege that Kunal Bahl and Rohit Bansal did not let Snapdeal’s merger with Flipkart go through for personal reasons. The letter, was reviewed by Moneycontrol, also says that…

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