American Companies Take An Anti-Racism Stand En Masse Amid Countrywide Riots And Protests In The US

American Companies Take An Anti-Racism Stand En Masse Amid Countrywide Riots And Protests In The US

As the USA flares up in nationwide protests and riots in response to the death of George Lloyd last week at the hands of a white police officer in an alleged act of racism, American companies are making their stand clear online.

As individuals across social media stage virtual protests, walkouts, and change their profile images to all black in an event being called the “BlackTuesday”, corporate America too is doing its bit. In an unprecedented show of solidarity with the Black community against a case of systemic racism in the country, brands across sizes and industries have been taking a stand against racism and showing their support for the Black Lives Matter movement across their social media and other communication channels.

MakeMyTrip Lays Off 350 Employees, Says Covid Has Changed The Viability Of Some Of Its Businesses

MakeMyTrip Lays Off 350 Employees, Says Covid Has Changed The Viability Of Some Of Its Businesses

The news of the coronavirus layoffs keeps streaming in, even as lockdowns are slowly being lifted across the world. MakeMyTrip has said it’s laying off 350 employees in the aftermath of the corona pandemic. MakeMyTrip’s business has been hit by the travel bans across the country, and the company said that it was unclear as to when traveling will again become a way of life, as it was in the pre-Covid period. The layoffs were announced…

Even As People Had Been Skeptical, How Elon Musk Had Always Predicted He’d Send A Man Into Space

Even As People Had Been Skeptical, How Elon Musk Had Always Predicted He’d Send A Man Into Space

Elon Musk is currently the toast of the world — SpaceX has just become the first private company to send a man into space, and the US has resumed manned space flights from its soil after nearly a decade. But even as Elon Musk is being feted as the hero history will undoubtedly record him as, things weren’t always quite as simple. When Musk had announced that he was launching SpaceX, his plans had been…

Over 20,000 Employees Fired: A List Of All CoVid19 Startup Layoffs In India So Far

Over 20,000 Employees Fired: A List Of All CoVid19 Startup Layoffs In India So Far

By now the huge economic impact of the coronavirus pandemic is apparent. With extended lockdowns prevalent around the world and economies being almost shut for 3 months since March now, companies have faced a loss of revenue, burned their cash on fixed costs and employees, and have had to resort to all means of cost-cutting. One of the biggest pitfalls of these cost-cutting measures has been instituting large-scale layoffs. While larger companies in India like Reliance, Infosys, TCS, ITC etc. have instituted paycuts across the aboard and levied a hiring freeze, India’s vaunted startups have had to take rather extreme measures to conserve capital and stretch their VC dollars. While a few have tried reimagining their core business and pivoted to offer newer product market fits for a Covid19 ravaged world, they have also had to let go large chunks of their workforce to cut costs. News of layoffs across startups has been coming in thick and fast. Here’s a list of all the startups that have had publicly announced layoffs so far. This list will be updated in real time as and when we get hold of them.

BookMyShow Lays Off And Furloughs 270 Employees Amid Coronavirus Lockdown

BookMyShow Lays Off And Furloughs 270 Employees Amid Coronavirus Lockdown

The number of startups that have had to lay off employees as a result of the coronavirus crisis continues to increase. BookMyShow has announced that it has laid off or furlouged 270 of its employees. The employees represent nearly 20 percent of its staff. The announcement was made by CEO Ashish Hemrajani in an email to employees, which was also posted on its website. The impacted employees are across functions and teams.  “Today, we are…

I Deep-Dived Into Two Of The Most Common “Make-Money-Working-From-Home” Scams: Bitcoin Trading And Affiliate Marketing

I Deep-Dived Into Two Of The Most Common “Make-Money-Working-From-Home” Scams: Bitcoin Trading And Affiliate Marketing

With the Coronavirus lockdown, and ensuing lockdowns, institutionalised work-from-homes, job losses and more time than ever on hand, work-from-home jobs have seen a surge in popularity.
And along with the legit opportunities, newer job descriptions, and genuine remote gigs have come scams. As I’d discover after days of a sting operation, the internet is replete with thousands of unscrupulous con artists out there to trap those unsuspecting folks who’re all but looking to find an alternate, easy enough income stream.

Softbank Vision Fund To Fire 10% Of Employees After Fund Loses $18 Billion: Reports

Softbank Vision Fund To Fire 10% Of Employees After Fund Loses $18 Billion: Reports

Amidst the coronavirus pandemic, it’s not only startups and companies that are having to let go of employees — VCs are struggling too. Softbank Vision Fund, which is the largest-ever VC fund in startup history, is firing 10% of its workforce, Bloomberg reports. Softbank’s Vision fund has 500 employees, so the job cuts could affect 50 people. The Vision Fund’s headquarters are in London, with additional operations in Tokyo and California. The cuts will be across…

Uber Fires 600 Employees In India In The Wake Of The Coronavirus Pandemic

Uber Fires 600 Employees In India In The Wake Of The Coronavirus Pandemic

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…

The Indian Govt Has Shortlisted 10 Companies To Build India’s Zoom Alternative

The Indian Govt Has Shortlisted 10 Companies To Build India’s Zoom Alternative

The Indian government is moving quickly to build its own video-conferencing solution. After the Ministry of Information and Broadcasting had announced an innovation challenge for Indian companies to develop a robust video-conferencing app with a Rs. 1 crore cash prize, the government has shortlisted 10 firms in the first round. HCL and Zoho are the biggest names among the finalists — other companies in the top 10 are Hyderabad-based PeopleLink, Aria Telecom, CyberHorizon Corp, Darsh, Instrive Softlabs,…

Live Horoscope Readings, Phone Consults: The Rise Of Tech Savvy, Online Astrologers In India

Live Horoscope Readings, Phone Consults: The Rise Of Tech Savvy, Online Astrologers In India

The post-Covid19 world has put paid to all hopes of two people being in close quarters enough to read one’s future, leave alone holding hands. But these astrologers are not ones to be left behind. They may not have foreseen a pandemic that would wreck the world – including their own profession, but they they have been quick enough to keep up with the times. The Indian astrologers are futuristic, if you will.
While astrologers have lowkey kept with the times, and had a subdued online presence throughout, the last 2 months, – the duration of India’s stringent lockdown – have seen a spurt of astrologers offering their services online.

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