The number of positions to be eliminated wasn’t specified. Spotify laid off 38 staff from its Gimlet Media and Parcast podcast studios in October. The music streaming giant has about 9,800 employees, according to its third-quarter earnings report.
Elliott has made many technology focused investments. It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director.
Meesho undertook changes to its product returns policy following feedback from its third-party logistics partners, the sources added. Returns comprise a big cost area for e-commerce players in India as it adds to logistics expenditure.
Kalaiselvi, the first woman director general of CSIR, established by the government in 1942, was in Bhopal to participate in the 8th India International Science Festival (IISF)-2022 which began on Saturday.
The billionaire also said that ads are "too frequent on Twitter and too big," and that steps will be taken to address those issues in coming weeks.
Microsoft, Amazon, Google and Goldman Sachs have operations in India and also are regular recruiters at top Indian campuses including IITs. This year, both Microsoft and Amazon are hiring fewer numbers from the campuses, according to multiple placement sources.
Microsoft said this week it planned to cut 10,000 jobs, or roughly 5% of its workforce. And Friday morning, Google's parent company Alphabet said it planned to cut 12,000 jobs, or about 6% of its total. Their cuts followed big layoffs at other tech companies such as Meta, Amazon and Salesforce.