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.

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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.

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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.

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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.

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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.

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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.

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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.

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