Chief Executive Chris Hyams, who will take a 25% cut in base pay, said future job openings were at or below pre-pandemic levels and that the company was too large.from Tech-Economic Times https://ift.tt/mWFwUA0
Job search platform Indeed to cut 2,200 jobs
Chief Executive Chris Hyams, who will take a 25% cut in base pay, said future job openings were at or below pre-pandemic levels and that the company was too large.from Tech-Economic Times https://ift.tt/mWFwUA0
Senior Meta advertising executive departs amid efficiency drive
Dan Levy, currently the social media giant's vice president of business messaging, said in a post to Meta's internal social network on Monday that he wanted to focus on family after losing a child to leukemia.from Tech-Economic Times https://ift.tt/blSp4t0
Govt may make ecommerce players liable for seller frauds; Netflix India gunning for continued growth
The Ministry of Consumer Affairs is working on new rules to make ecommerce platforms Lori Amazon and Flipkart liable for fraud committed by their sellers. This and more in today’s ETtech Morning Dispatch.from Tech-Economic Times https://ift.tt/qouvAMP
With great ecommerce comes great responsibility for online platforms
The consumer affairs ministry is working on tightening ecommerce rules to make online retail platforms liable for fraud committed by sellers and attaching “fallback liability” to their role as intermediaries, said a senior official.from Tech-Economic Times https://ift.tt/VrR6OXL
OpenAI shut down ChatGPT to fix bug exposing user chat titles
OpenAI temporarily shut down its popular ChatGPT service on Monday morning after receiving reports of a bug that allowed some users to see the titles of other users’ chat histories.from Tech-Economic Times https://ift.tt/yZhTk7v
US Banking crisis may hit Indian IT firms; Spotify India’s ad revenue push
Analysts expect revenues of Indian IT majors like Tata Consultancy Services and Infosys getting adversely impacted due to the ongoing crisis among US regional banks. This and more in today’s ETtech Morning Dispatch.from Tech-Economic Times https://ift.tt/m3gWQ7y
Ola Electric kicks off $250-300 million fundraise plan
The company is expecting an up round that may see it valued at $6.5-7 billion, based on the expectation of turning ebitda positive from FY24. That will make it the most valuable electric two-wheeler company in the country, even exceeding legacy peers such as Hero Motocorp and TVS Motor.from Tech-Economic Times https://ift.tt/tG2DQi4
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