Mumbai, Feb 13 (IANS) Electric two-wheeler company Ola Electric on Friday reported 55.02 per cent decline in its revenue from operations (year-on-year) to Rs 470 crore in Q3 FY26, compared to Rs 1,045 crore in the same period last fiscal.The company’s total revenue also saw a significant decline in the December quarter, falling 56.99 per cent year-on-year to Rs 504 crore, compared to Rs 1,172 crore in the same period last year.Ola Electric continues to suffer losses. In the December quarter of F…
Latest Layoffs News & Updates
New Delhi, Jan 28 (IANS) E-commerce giant Amazon on Wednesday said it was laying off 16,000 employees globally as part of “additional organisational changes”.This is the second major round of layoffs at the company in about three months in the AI era.Beth Galetti, Senior Vice President of People Experience and Technology at Amazon, said that “we’re making additional organisational changes across Amazon that will impact some of our teammates”.In a blog post, she said that “I recognise th…
New Delhi, Jan 28 (IANS) An internal Amazon Web Services (AWS) email, seemingly sent by mistake referencing “organizational changes,” heightened speculation that US tech giant Amazon may announce another round of layoffs, though employees were already expecting one despite no official announcement.The message, sent by Colleen Aubrey, senior vice president of applied AI solutions at Amazon Web Services (AWS), acknowledged that “changes like this are hard on everyone” and said they were in…