In a note sent to employees, Amazon CEO Andy Jassy said the company told workers in its devices and books divisions about layoffs on Wednesday. He said it also offered some other employees a voluntary buyout offer.
Top entrepreneurs, policymakers and investors will come together in Bengaluru on November 19 to celebrate the eighth edition of The Economic Times Startup Awards. India’s most coveted startup awards, which recognise entrepreneurial excellence, will be presented at an in-person event. Eminent leaders from the industry will be in attendance, and they will discuss the hot-button issues impacting the ecosystem.
Shekhar Kirani, who bagged the Midas Touch Award for best investor at The Economic Times Startup Awards 2022, said companies must show profitability for at least two quarters before they approach the public markets.
ICAI President Debashis Mitra said the Institute is aware of the issues at Byju's and that was not just because Karti Chidambaram had written to it about the alleged issues.
In a bid to ensure that employees are engaged, competent, and confident in their positions, the company has also budgeted Rs 5 crore for employee benefits, engagement efforts, culture-building activities, and learning and development.
BofA Securities is the banker for the deal, and the price range for the sale was set at Rs 555-601. The lower end of the price band is at a 7.7% discount to Wednesday’s close price of Rs 601.45 on the National Stock Exchange.
Matt Huang, the cofounder of Paradigm - a crypto/Web3 investment firm that backed FTX and its owner Sam Bankman Fried - said his firm was shocked by the revelations about FTX, Alameda, and SBF.