Gaming companies are facing a slowdown in demand for video games from pandemic highs. The near-term prospects for Stadia also looked dim as high inflation has caused some consumers to reduce their spending on entertainment.
Several tech companies have been forced to slash headcount in recent months as advertisers trim spending to prepare for a looming recession.
The spike in revenue mainly came from the company’s acquisition of a majority stake in e-pharmacy startup 1mg, and Supermarket Grocery Supplies Pvt Ltd, the parent company of e-grocer BigBasket.
Amazon's minimum wage for hourly employees in the U.S. remains $15, a spokesperson told Reuters. The online retailer's decision also comes as some workers continue to push to unionize Amazon facilities in the United States. Only one Amazon facility has voted to unionize so far.
Amazon started letting customer service representatives work from home before the pandemic. Its cloud computing division sells Amazon Connect software that helps companies create remote customer service networks. Amazon has call centers around the US, including in Kennewick and Phoenix that each employ hundreds of workers. Still, call center employees make up a small fraction of the company’s more than 1.5 million workers.
According to a draft of the revised scheme — PLI for IT Hardware 2.0 — which is set to be circulated to major stakeholders for feedback, the restructured scheme will now offer incentives of 4-5.75% over five years, against 1-4% over a tenure of four years at present, officials aware of the matter told ET. Its financial outlay will touch about Rs 19,000 crore from Rs 7,350 crore, they said.
Twitter's challenges in identifying child abuse content were first reported in an investigation by tech news site The Verge in late August. The emerging pushback from advertisers that are critical to Twitter's revenue stream is reported here by Reuters for the first time.