Cisco is planning a massive layoff – the largest so far in its 32-year history – according to a CRN report. While the company has declined to comment, reports suggest that the number could go up to as much as 14,000 employees, which is approximately 20% of its global workforce.
On completing 60 years of existence, State-owned company Oil and Natural Gas Corporation has announced a Rs 100-crore ($15 million) startup fund. The objective is to foster, nurture and incubate new ideas related to the oil and gas sector.
In a startling announcement earlier this week, Arianna Huffington, 66, co-founder and editor-in-chief, The Huffington Post has said that she would step down from the company
Europe’s biggest software maker SAP, which is known for making software used to grade the performance of millions of employees worldwide, is joining a host of companies in ditching its annual performance reviews.
Zume is a startup operating from Mountain View, California, barely a few minutes away from Google’s headquarters. Although it is only a few months into operations, the model has the potential of thoroughly disrupting the pizza manufacturing and delivery world.
Seeing the growing interest in the startup ecosystem in India, the US-based online platform for venture capital, AngelList, is making its foray into the country.
National carrier Air India is isn’t having the best time of late. It’s been laying off people over the years, and it’s currently mired in losses that total Rs. 30,000 crore. But its pilots – quite justifiably – still earn top dollar salaries.
The latest entrant to the taxi-hailing service space, UTOO Cabs, which has commenced operations in Chennai, has announced a novel scheme to retain and motivate drivers.
There’s a man who’s built his career in high tech using just his olfactory senses. He name is George Aldrich, and he works as a chemical specialist at NASA.