Zomato’s AI Sacked 500 Employees Under Disputed Mass Layoffs: “Smiling While Exiting was the Instruction Given” In a shocking and alarming decision that has left both anger and disbelief, Zomato, the well-known food delivery company, has let go of 500 workers deemed as “low performers” by an AI algorithm and allegedly mandated them to “leave…
EPFO Game Changer EPFo Auto Claim Limit Raising to 5 Lakhs: 7.5 crore employees to get faster PF access INCREDIBLE NEWS FOR THE WORKFORCE – As per a new update, the Employee Provident Fund Organization has pronounced it will now be elevating the auto claim settlement cap from 1 lakh to 5 lakh. This innovative…
“This Gentleman Should be Made to Attend Classes on Trust Management” A furious Zerodha customer’s last message on the platform attended by tens of thousands of Zerodha users came with the pseudonym “Close all Accounts.” The user’s frustration triggered a sequence of events that led to Zerodha – a multi-billion dollar fintech company swinging into…
In a deeply remorseful cost-saving restructuring, Amazon plans to implement layoffs of 14 thousand managers by the year 2025 which comes as shocking news. According to many internal sourses, “painful but necessary” comes to mind when describing how the move would impact emlpoyees of the company. As felt by many now, the news has escalated…
March 14 of every year marks Pi day, a day in honor for tech innovators and other highly skilled enthusiasts who enjoy mathematics, for the symbol of Pi, which is the product of 3.14, is used in celebrating this day. The date is imprinted in the minds of advanced members of the Pi Network community…
“US CPI Data for February 2024: Will inflation go up or down? Major Date, Time & The Relation With Your Earnings” Check Mark US Inflation Report Alert: Marks February 2024 CPI Data Release For Global Financial Markets While markets brace, the US Consumer Price Index (CPI) for February 2024 is just around the corner, and…
Tesla, an electric vehicle (EV) company owned by Elon Musk, a billionaire, saw its stock price decrease by nearly 10 percent over a span of two trading days this week, which resulted in the company losing billions in market valuation. The dramatic decrease followed Tesla’s Q2 2024 delivery numbers, which were reported below expectations, leading…
“Varun Beverages Stock Nosedives from Peak: Panic or Golden Chance? CLSA, HSBC Reveal Surprising Targets” Why the Crash? Valuation Concerns: The stock traded at 75x P/E in comparison to the industry’s 45x average. Profit Taking: A 120% rally over the year led to aggressive profit booking. Monsoon Concern: 60% of revenue is from rural India…
Zara took a step towards Mumbai but lost it to Purple Style Labs for approximately 30 million rupees. Purple style has a reputation of being expensive, which seems to do wonders for their image. It is evident that marketing is one reason why Indian companies have experienced increased losses over the years. After all, spending…
Elon Musk’s Risky Worldwide Strategy: Why Investors Are Concerned That His $200B Empire May Collapse Though experts caution that his aggressive overseas expansion is a ticking time bomb for his businesses, Elon Musk, the trailblazing billionaire behind Tesla, SpaceX, and X (formerly Twitter), is placing a large bet on global dominance.Musk’s high-stakes international endeavors, from…
