Reuters
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Swiggy To Reduce 6% Workforce

Indian food delivery startup Swiggy is set to lay off 6 per cent of its workforce as it seeks to reduce costs and increase profitability ahead of its initial public offer (IPO), the Economic Times reported on Thursday. The job cuts would impact about 350-400 employees across teams including technology, call centre, and corporate roles, […]

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International News

Global Oil Prices Surge Over 2% Amidst Geopolitical Tensions

Oil prices witnessed a robust start to the New Year, surging over two per cent in the first trading session. The spike was attributed to potential disruptions in Middle East supply chains following the recent attack on a container ship in the Red Sea. Brent crude rose by USD 1.72, or 2.2 per cent, reaching […]

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Brands Companies E-commerce & Marketplaces News

Amazon Trims Workforce In Alexa Unit Amid AI Pivot

Amazon.com has confirmed significant job cuts within its Alexa voice assistant unit. The multinational tech giant revealed on Friday that it is trimming jobs in this sector, impacting “several hundred” employees. While exact numbers remain undisclosed, the decision is said to align with Amazon’s increased focus on generative artificial intelligence (AI) and the optimisation of […]

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