Jason Droege

Scale AI fires 14% employees after Meta

Scale AI fires 14% employees after Meta's mega investment

17 Jul 2025, 11:49 AM

The restructuring will make Scale AI more nimble; and allow it to serve the customers better, the company's interim CEO Jason Droege wrote to employees.

Who Reads Us

Fintech Highlights

  1. PayU India gets RBI nod for all three payments licences

  2. Acko FY25 revenue up 35% to Rs 2,836 crore, net loss narrows

  3. Infibeam Q2 revenue up 93% to Rs 1,965 crore

  4. Pine Labs shares list at around 10% premium over IPO price

  5. Juspay books Rs 62 crore net profit in FY25; revenue stood at Rs 514 crore
  6. Read more news...

AI/Emerging Tech

  1. Govt notifies digital personal data protection rules

  2. OpenAI strikes partnership with PhonePe as it seeks to deepen India presence

  3. Anthropic inks $50-billion computing infra deal with Fluidstack

  4. SoftBank sells entire stake in Nvidia

  5. German court orders OpenAI to pay damages for violating copyright laws
  6. Read more news...

IPO Tales

  1. From social-commerce darling to e-commerce challenger: Inside Meesho’s IPO

  2. The Bull Run Broker: Inside Groww's $7 billion IPO

  3. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality

  4. In Charts: MobiKwik plans Rs 572 crore IPO. Why its financial services play deserves attention
  5. Read more news...

Money & Machines

  1. Two crises, one theme — how tech is testing fintech and journalism

  2. Bankers Test the Market; OpenAI Tests the Law + Funding Exclusive

  3. India's Banking Redux; In AI's world, you're the lunch that's free

  4. India's subtle dance with stablecoins; Reinventing 'swadesi' in AI age
  5. Previous editions...

Editor's Pick

  1. ED orders Yes Bank to freeze accounts linked to BranchX, Frenzopay

  2. The shadow economy of online gaming: How money moves beyond the screen

  3. A VC in photos, a different story in business? Behind the facade of Foxhog’s Tarun Poddar