Layoff

Microsoft saves $500 million with AI while cutting jobs

Microsoft saves $500 million with AI while cutting jobs

10 Jul 2025, 21:58 PM

This comes a week after Microsoft said it is laying off 9,000, or 4% of its workforce, its biggest since it laid off 10,000 workers in 2023.

What led Google-backed DotPe to shut down its lending unit

What led Google-backed DotPe to shut down its lending unit

23 May 2025, 03:35 AM

DotPe’s ambitious foray into financial services has come to a halt barely a year after launch, following a rapid build-up of lending volumes…

Exclusive: Paytm’s payment aggregator unit fires all senior executives

Exclusive: Paytm’s payment aggregator unit fires all senior executives

04 Apr 2025, 15:08 PM

Nearly 10-15 senior executives—at the AVP, VP, and SVP levels—have been let go from Paytm Payments Services Limited, which is still awaiting its final PA licence from the RBI.

[Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

[Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

13 Nov 2024, 15:26 PM

A source claims LazyPay recently received a letter from the RBI flagging issues in its customer onboarding process, but the company strongly denies receiving any such communication.

PayU lays off close to 100 employees from credit team: sources

PayU lays off close to 100 employees from credit team: sources

27 Sep 2024, 12:39 PM

Of the total employees asked to leave, 30 were from its Gurugram office and the remaining from its Mumbai and Bengaluru teams.

Fintech Highlights

  1. Altum Credo raising additional Rs 100 crore in extended Series C funding

  2. Paytm Money to rope in HDFC Securities executive as CEO: report

  3. Flipkart-owned Super.money entering stock broking space

  4. Jupiter Money gets IRDAI approval to enter insurance distribution space

  5. Phi Commerce raises $6 million part of Series B round
  6. Read more highlights...

AI/Emerging Tech

  1. Perplexity ties up with Bharti Airtel to provide 12-month free Pro subscription

  2. Meta ropes in two senior Apple AI researchers

  3. OpenAI launches proactively thinking and acting ChatGPT agent

  4. IBM opens Agentic AI Innovation Center in India

  5. Google rolls out Gemini 2.5 Pro, Deep Search to AI Mode in Search
  6. Read more highlights...

Editor's Pick

  1. RBI vs Government: The battle over India’s digital payments ecosystem explained

  2. What led Google-backed DotPe to shut down its lending unit

  3. Madras HC grants anticipatory bail to Strata founder in email impersonation case