The layoffs from the Covid crisis are now coming in thick and fast. Uber has fired 600 employees in India. These employees represented 25% of its overall workforce in the country. The impacted positions are around the company’s driver and rider support operations, and other functions. “The impact of Covid-19 and the unpredictable nature of the recovery has left Uber India with no choice but to reduce the size of its workforce,”  said Pradeep Parameswaran, President…

Some Indian startups have been affected more than the others by the Covid19 crisis, and some have responded better than the others. These companies have bent their business models, unlearnt everything, looked beyond their core product, and come up with new ways to find new income streams and ways of staying stay relevant and staying afloat. While most Indian startups are needing to resort to extreme cost cutting measures by instituting huge paycuts and layoffs, they’re also coming up with ways to find new income streams.

The coronavirus pandemic has brought with it death, destruction, and the loss of jobs. But it’s also brought it with something that’ll help India’s beleaguered citizens cope. In what is almost certainly a first in India, Swiggy is now letting customers order and receive home delivery of alcohol. “The service went live in Ranchi today after obtaining necessary approvals from the Jharkhand government, with other major cities in the state launching within a week,” Swiggy…

The impact of the coronavirus pandemic on Indian startups is slowly becoming apparent. Ola has said it has fired 1,400 employees in the wake of the coroanavirus pandemic. These employees are from verticals including rides, food business and financial services. “I write to all of you with the toughest decision I have ever taken – the need to downsize our organisation and let go of 1,400 of our valued employees,” Ola CEO Bhavish Agarwal wrote in…

One of the biggest fallouts of the coronavirus pandemic has been the widespread adoption of working from home — Facebook and Google have said that their employees can work from home till 2021, while Twitter has said that its employees can work from home permanently if they so choose. But even as debates rage around the feasibility of working from home long term, co-working spaces seem to already be suffering. Softbank is now valuing WeWork at…

Even as many tech companies are embracing the work from home paradigm that the coronavirus lockdowns have thrust upon them, a discordant voice from the sector has also emerged. Microsoft CEO Satya Nadella has cautioned against the enthusiasm that tech companies have displayed for letting employees work permanently from home. “What does burnout look like? What does mental health look like? What does that connectivity and the community building look like? One of the things I…

The bloodbath in the food delivery sector in the wake of the coronavirus pandemic is slowly becoming apparent. Days after Zomato had laid off 520 employees and instituted pay cuts of up to 50 percent for its remaining workforce, Swiggy has fired 1,100 employees across grades and functions. In an email to its workforce, Swiggy said that all terminated employees would get 3 months salary irrespective of their notice period or tenure. Swiggy also said that…

Reliance continues to rack up an array of impressive international investors for its Jio Platform. After Facbeook, Silver Lake Partners and Vista Equity Partners had invested in Jio over the last few weeks, American PE firm General Atlantic has become the latest investor in Jio Platforms. The firm is investing Rs. 6598 crore into Jio Platforms in exchange for a 1.34 percent stake. The deal values Jio Platform at an equity value of Rs 4.91 lakh…