Tag: StartUp

385 jobs cut at Vedantu, leadership take 50% pay cut

Vedantu, the edtech unicorn, has laid off 385 employees from its workforce, taking the tally of those laid off this year to over 1,000....

Unacademy lets go 350 jobs amidst funding winter

There has been a second round of layoffs at Unacademy, affecting 10 per cent of its 3,500-strong workforce this time. About 350 employees have...

Edtech platform, LEAD, cuts jobs, reduces team size

In a bid to cut costs and focus on profitability, LEAD, an edtech platform, has laid off a significant number of members from its...

Geekster raises $1.30 mn in funding, will expand team & portfolio

Geekster, the career-focused edtech platform has managed to raise $1.30 mn in a pre-series A round led by Inflection Point Ventures. MyNavi Corporation, Japan-based...

Here’s a firm that funds employees’ businesses

Lattice, a San Francisco-based company is offering funds to the tune of $100,000 to employees who decide to leave the Company and set up...

Layoffs continue in the startup space

The trend of letting go employees continues in the startup space. Some employees from India working for the Indonesia-based startup, Lummo, have been asked...

Swvl, MPL lay off employees citing drying funds, pandemic

The Dubai-based mass transit solutions startup, Swvl, will lay off 32 per cent of its workforce. The objective is to enhance business efficiency, reduce...

PrepInsta plans 100% increase in team strength

PrepInsta is gearing for 100 per cent expansion of team. The edtech startups plans to take its present headcount of 50, to at least...

AdmitKard to expand team of 150 by 66% in 4 months

AdmitKard, the edtech startup, which simplifies access to higher education opportunities, is on an aggressive hiring spree. It plans to onboard around 100 employees,...

At least 500 laid off at MFine

MFine, the Bengaluru-based healthtech startup, has had to lay off at least 500 employees as it is facing a massive financial crisis. The exact...

Unacademy lays off 6,000 as part of cost cutting

Unacademy, the Indian edtech startup, has let go of about 600 employees from its almost 6,000-strong team — about 10 per cent of its...

Fintech startup, slice, to hire 800 in 2022

slice, a fintech startup, is gearing to hire almost 800 people for various roles across its operations, design, product, and engineering verticals in the...

Why attrition at startups is on the higher side

Ask a newbie about the reason for joining a startup, and the most common answer would be that it’s exciting and thrilling to be...

Edu-tech startup, byteXL, gets funding of $200,000

byteXL, the experiential learning platform for IT career aspirants, has raised a seed fund of US$2,00,000 in an angel round. Joseph Joy, president, Joy...

What do companies need more at a startup stage: specialists or...

This question has led to endless debates. Not surprising, since both have their pros and cons. Specialists are experts in their fields, and well-versed...

Leegality to hire from across India, double workforce

Leegality, the eSign, eStmap and document workflow platform, has set itself a target of 10x growth in revenue in a year’s time. Anticipating huge...

No lay-offs, lock-outs, termination: Kerala govt guidelines

In Kerala, the state labour commissioner has issued fresh guidelines for employers, including precautionary measures to be taken amidst the second wave of the...

Fixcraft to double manpower

Fixcraft, the young car after-sales services startup is working to double its manpower in the first quarter of the new financial year. With about...

Logistics tech startup, Pickrr, to hire 200+ across verticals pan India

With the recent funding of $4 million received by Pickrr Technologies, the Indian logistics tech start-up has begun hiring technology experts, specialists, business developers,...

AI startup, Databricks, raises $1bn

Databricks, the artificial intelligence (AI) startup —that helps organisations get rid of the costs and complexities associated with legacy data architectures to facilitate better...

Salesforce leads $15 mn Series C funding of Indian startup, Darwinbox

American cloud-based software company, Salesforce, has invested in Indian developer of HR software, Darwinbox. This is the first time Salesforce.com is investing in India. Darwinbox,...

Vernacular.ai is gearing up to expand, double workforce

Four years ago, Vernacular.ai was established by two graduates from IIT-Roorkee. This AI-driven voice engine aims to improve customer experience, as it is equipped...

Unacademy triples valuation to $1.45 bn; enters unicorn club

Gaurav Munjal-led Unacademy tripled its valuation to 1.45 billion after raising funds to the tune of $150 million from Masayoshi Son-led Softbank’s Vision Fund 2. The...

inFeedo raises $700,000; plans to double efforts in SA region

Gurugram and New York-based people analytics startup, inFeedo, has raised $700,000 in financing from Y Combinator, a Silicon Valley-based start-up incubator.   The Company had earlier,...

‘Microsoft co-sell ready partner’ status for Zwayam

Zwayam, the recruitment startup, has achieved ‘Microsoft co-sell ready partner’ status. The hiring startup, driven by artificial intelligence (AI), provides a SaaS platform for...

Livspace lays off 450; WeWork slashes 20% jobs

Bengaluru-based home design and decor startup, Livspace, has reportedly laid off close to 450 employees from its 2,800-strong workforce.  This news of layoff comes...

Employee strikes in European countries

On January 25, 2023, at Berlin Brandenburg Airport (BER), all passenger flights were canceled as airport staff walked out because of a dispute over...

Latest

Ford, Gemini, Innovaccer, and Inmobi lay off employees

Gemini Gemini, a US-based crypto exchange, announced that it will  let go of 10 per cent of its employees. The reason given for the layoffs...

Tarun NP Varma moves from Shell to TCP, as global CHRO

Tarun NP Varma, who was vice president – HR, global technology division, Shell, has now joined Tata Consumer Products (TCP) as global CHRO. This alumnus...

Employee strikes in European countries

On January 25, 2023, at Berlin Brandenburg Airport (BER), all passenger flights were canceled as airport staff walked out because of a dispute over...

Employers need to change work contracts warns UAE

The United Arab Emirates (UAE) has recently announced a change to its labour law, requiring employers to transfer their employees to limited-term contracts. The...

DIALOGUE

EQ, IQ & empathy define the success of a CEO

Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...

“The big change has been that we have moved from jobs to skills,” Amaresh...

Q. How would you define the culture at GE? A. Having been present in this region since 1902, GE has been around for 120 years....

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...