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Meta shares surge after Facebook ekes out user growth

Meta CEO Mark Zuckerberg also said that the company would scale back costs and was investing in artificial intelligence tools to improve recommendations and ads, a sign Meta is buckling down to make money while working on its long-term ambitions to build the metaverse.

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Elon Musk's criticism of Twitter staff triggers backlash

Musk tweeted he disagreed with a decision Twitter made in 2020 to restrict the distribution of a New York Post article about U.S. President Joe Biden's son, Hunter. The billionaire, who has about 87 million Twitter followers, called the company's decision to lock the Post's account on the platform "incredibly inappropriate."

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Meta shares surge after Facebook ekes out user growth

Meta CEO Mark Zuckerberg also said that the company would scale back costs and was investing in artificial intelligence tools to improve recommendations and ads, a sign Meta is buckling down to make money while working on its long-term ambitions to build the metaverse.

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Amid startup layoffs, IT firms plan 8-10% hikes

. This has prompted several new-age companies, from Unacademy to Meesho, to lay off employees as they look to cut costs and get back to basics now that the Covid-fuelled funding party is well and truly over.

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Labour ministry issues notice to Infosys on non-compete clause issue

Infosys’ group head for human resources, Krish Shankar, and Harpreet Singh Saluja, the president of Pune-based labour union Nascent Information Technology Employees Senate, which had filed the complaint, have received the communication from the ministry.

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Startups shed flab amid slowdown in large funding rounds

The trend is likely to play out further, though the early-stage funding ecosystem has yet to significantly taper off. Investors have begun to ask high-growth companies to go back to basics — chase profits and reduce their cash burn, multiple people told ET.

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Online delivery companies rush to hire women riders amid increasing attrition

Companies such as Zomato, Swiggy, Ecom Express and Shadowfax are among those looking to induct more women in their last-mile delivery fleet.

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Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...