Following a months-long review, Amazon has told employees in some unprofitable units to look for jobs elsewhere in the company, while moving to redeploy staff from certain teams to more profitable areas and closing teams in areas such as robotics and retail.
Policymakers to engage with entrepreneurs, business leaders at high-octane ceremony
Prime Video has signed Airtel Xstream Fiber as the presenting sponsor and MPL, Nescafé, Noise, OLX Autos, and Vida as associate sponsors. The company is in the final leg of negotiations to sign one more co-presenting sponsor, confirmed Chaitanya Divan, Head of Sports, Prime Video, India.
As many of the affected persons are on H-1B work permit, staffing firms find them easy target
The rupee-denominated first fund, which began investing in 2013, had a corpus of Rs 32 crore (around $6 million), and has backed 21 startups, including Sugar Cosmetics, LendingKart, IIMjobs and 91mobiles.
Musk wrote an email to Twitter employees, warning them of the times ahead.
The company's website, however, still displayed an earlier message that said it was unable to process withdrawals.