Articles for tag: Apologizes, Byju, Continue, Educational, Employees, insolvency, Mission, Payments, Promising, Raveendran, Small, Strength

Market News

Amidst insolvency, Byju Raveendran apologizes to employees, promising small payments and strength to continue their educational mission together.

Amidst insolvency, Byju Raveendran apologizes to employees, promising small payments and strength to continue their educational mission together.

Byju Raveendran, the founder of Byju’s, recently expressed his apologies to employees for their unpaid wages due to the company’s ongoing financial struggles and insolvency proceedings. Once valued at $22 billion, the edtech firm has faced significant challenges including legal disputes and regulatory issues. In a heartfelt message, Raveendran acknowledged the hard work and dedication ...

Market News

Cisco’s dramatic layoffs of 5,600 employees highlight a tumultuous industry shift towards AI and restructuring for future growth.

Cisco’s dramatic layoffs of 5,600 employees highlight a tumultuous industry shift towards AI and restructuring for future growth.

Cisco, a major US technology company, has announced significant job cuts, laying off around 5,600 employees, which is about 7 percent of its workforce. This comes as part of its strategy to manage costs amid decreasing demand, following earlier layoffs of 4,000 workers earlier in the year. The company is shifting its focus towards investments ...

Market News

Byju’s faces a 1 million tax claim amid .5 billion in creditor disputes, sparking turmoil for its thousands of employees.

Byju’s faces a $101 million tax claim amid $1.5 billion in creditor disputes, sparking turmoil for its thousands of employees.

Byju’s, once India’s leading ed-tech startup, is facing severe financial challenges, with Indian tax authorities claiming $101 million in dues as it enters insolvency. Valued at $22 billion in 2022, the company’s fortunes have plummeted due to regulatory issues and a dispute with U.S. lenders over $1 billion in unpaid debts. A court-appointed resolution professional ...

Market News

Nykaa sues ex-CBO Gopal Asthana for breaching confidentiality, claiming he poached their employees for Tata Cliq, seeking compensation.

Nykaa sues ex-CBO Gopal Asthana for breaching confidentiality, claiming he poached their employees for Tata Cliq, seeking compensation.

Nykaa, a leading beauty and fashion retailer, has filed a lawsuit against its former Chief Business Officer, Gopal Asthana, now with Tata Cliq. The company accuses him of breaching confidentiality and attempting to lure former employees to join Tata Cliq, where he currently serves as head. Nykaa is seeking a refund of nearly Rs 19 ...

DeFi Explained: Simple Guide Green Crypto and Sustainability China’s Stock Market Rally and Outlook The Future of NFTs The Rise of AI in Crypto