Didi Chuxing Says That Its China Rides Are Now Back At Pre-Covid Levels
The world economy has been hit hard by the Covid pandemic, but the first signs of a recovery are now beginning to emerge. …
Category: Stories
Jeff Bezos Defends Amazon’s Anti-Racism Stand, Takes Down Trolls In A Surprisingly Public Way
It’s not everyday you see the richest man in the world replying to an email troll, leave alone make it public. But Jeff…
Jio Has Raised Nearly As Much Money In 6 Weeks As All Indian Startups Together Had Raised In 2019
When Reliance Jio had first launched in 2016, Mukesh Ambani had hinted that it would be the world’s biggest startup. Four years later, his…
After Reports That Google Was Eyeing A Stake In Vodafone-Idea, Amazon Reportedly Eyes Stake In Airtel
India’s telecom sector might just be about to get a whole lot more interesting. Days after it was reported that Google was eyeing…
UPI Payments Rebound Sharply In May, Register Second-Best Month Ever
Even as India is slowly opening up after the two-month-long coronavirus lockdown, there are signs that that economy is slowly whirring back to…
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
The news of the coronavirus layoffs keeps streaming in, even as lockdowns are slowly being lifted across the world. MakeMyTrip has said it’s…
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…
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.