Tag Archives: Amid

Amid coronavirus outbreak, VC firms tell startups to brace for uncertainty

Bengaluru: As Covid-19 continues to spread across the world and in India, creating curbs on travel and large business events, venture capital (VC) firms are advising startups and their portfolio companies to conserve cash and spend less, and brace for a possible uncertain fund-raising environment. “What we are witnessing is possibly a once-in-a-lifetime event, which will, almost certainly, deliver the global economy a ... Read More »

Oyo plans job cuts amid worries over aggressive expansion plan

In the past month, homegrown hotel startup Oyo has replaced the chief executive officer of its new real estate business, received a host of complaints from hotel partners and witnessed the exit of a joint venture partner in the home market of its largest investor, SoftBank. Now, Oyo plans to cut jobs in India to reduce costs ahead of an expected slowdown ... Read More »

BuzzFeed loses 11 staff in Australia amid global job cuts

BuzzFeed is cutting 11 jobs in Australia as part of its global strategy. Photograph: no credit The Australian arm of BuzzFeed will have to cut 11 staff as a global downsizing strategy targets 200 of the digital publisher’s international workforce. BuzzFeedOz news reporter Alice Workman said she and every member of the news team received a letter about redundancies on Tuesday morning which indicated ... Read More »

Amid turning tide, AIDS claimed 1 million lives in 2016: UN

AIDS claimed a million lives in 2016, almost half the 2005 toll that marked the peak of the deadly epidemic, said a UN report on Thursday proclaiming “the scales have tipped”. Not only are new HIV infections and deaths declining, but more people than ever are on life-saving treatment, according to data published ahead of an AIDS science conference opening ... Read More »

Uber’s Travis Kalanick resigns as CEO amid investor pressure

Uber Technologies Inc Chief Executive Travis Kalanick, co-founder one of the most influential technology companies of its generation, resigned on Tuesday under mounting pressure from investors over his leadership. Kalanick’s departure caps a tumultuous period for the world’s largest ride-services company, which upended the taxi industry and transportation regulations globally with Kalanick at the helm. “I love Uber more than ... Read More »

IT layoffs: Amid fears of job losses, FITE takes up the fight

Infosys Technologies employees move through the headquarters during a break in Bangalore. Fears abound that thousands of techies are likely to lose their job, as automation and stricter job permits hit the Indian IT sector.(AP) For weeks now, news about IT layoffs is making headlines, while industry body Nasscom is trying to allay fears with data and figures to suggest ... Read More »

Uber Offers Free Rides in Argentina Amid Crackdown

Uber redoubled efforts to launch its services in Argentina on Friday by offering five days of free rides even as authorities cracked down on the rideshare company’s operations. Police raided homes where they believed Uber to be operating out of after a court had ordered the company on Wednesday to suspend operations and launched an inquiry into whether the service ... Read More »

Yahoo CEO Tries to Reassure Mobile Partners Amid Turmoil

Yahoo CEO Marissa Mayer found herself in an awkward situation Thursday at the struggling Internet company’s annual conference for the makers of mobile apps. She had to persuade an auditorium full of programmers and advertising partners that Yahoo will grow into an increasingly important player in the mobile market. This while the company is dramatically shrinking to appease restless shareholders ... Read More »