Majority of the employees are expected to get the lower end of the range with stringent checks on contribution to business, experts added.from Tech-Economic Times https://ift.tt/FwR1prB
Soaring staff costs may trim FY24 IT pay hikes to 8-10%
Majority of the employees are expected to get the lower end of the range with stringent checks on contribution to business, experts added.from Tech-Economic Times https://ift.tt/FwR1prB
Amazon lays off about 100 employees in its gaming divisions
Amazon has struggled to capitalize on its resources in gaming, including through its Crown channel, an entertainment show on the Twitch streaming service.from Tech-Economic Times https://ift.tt/I6zYapX
LayerZero Labs valued at $3 billion after latest fund-raise
The Series B fund-raise saw participation from 33 investors, including a16z crypto, Christie's, Circle Ventures, OpenSea Ventures, Samsung Next, and Sequoia Capital, amongst others.from Tech-Economic Times https://ift.tt/s2ai9No
Apple to cut small number of jobs in some corporate retail teams: report
The layoffs would impact what Apple calls its development and preservation teams, the report said, adding that the number of positions being eliminated could not be ascertained and was likely very small.from Tech-Economic Times https://ift.tt/mgVyC8n
Walmart to cut over 2,000 jobs in e-commerce warehouses
In march, hundreds of workers at five Walmart facilities that fulfill e-commerce orders were being asked to find jobs within 90 days at other company locations.from Tech-Economic Times https://ift.tt/a5qonmD
ETtech Scoop: Reliance enters zero-commission fashion marketplace; mid-to-senior hirings in startups plummet
Reliance Industries’ online fashion platform Ajio will launch Ajio Street — a zero-commission fashion marketplace aimed at value products for non-metro audiences, similar to ecommerce firm Meesho.from Tech-Economic Times https://ift.tt/8KcF04B
Slump hurts, startups go slow on hiring for mid, senior roles
Anshuman Das, cofounder and chief executive officer of staffing firm Longhouse Consulting, said there was a 50%-60% dip in hiring of senior leadership roles across startups in India between 2021 and 2022.from Tech-Economic Times https://ift.tt/fm1xtr8
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