Foundry, a major Bitcoin mining firm, has laid off about 60% of its employees, reducing its workforce from 250 to around 80-90. This decision, affecting staff in the U.S. and internationally, is part of a strategic realignment despite the company expecting to generate $80 million from its self-mining operations this year. Foundry, which is a ...
 "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 ...
 "Air India Express plans to eliminate business class seats by 2025 amidst a major fleet expansion and operational restructuring.")
Air India Express is planning to phase out business class seats from its aircraft by 2025. This decision comes as the airline, part of the Tata Group, prepares to merge AIX Connect with itself next month. Currently, Air India Express operates a fleet of 85 aircraft, which is expected to grow to around 100 by ...
 "Tata Digital narrows losses; Bigbasket thrives with rising revenue, while Tata 1MG turns profitable amidst strategic restructuring.")
In FY24, Bigbasket, India’s leading e-grocery platform, reported a revenue increase of 5.7%, reaching Rs 2,391.83 crore, compared to Rs 2,261.28 crore in FY23. The company also narrowed its losses to Rs 128 crore from Rs 215.21 crore the previous year. Tata Digital, the e-commerce division of Tata Sons, saw its losses shrink to Rs ...
