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, 12:37 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. Slice launches second UPI-integrated branch in Gurugram

  2. BharatPe in advanced talks to raise $80-$100 million in pre-IPO round

  3. ICICI hikes minimum balance requirement; Draws flak from Kotak exec

  4. BharatPe reports adjusted profit before tax of Rs 6 crore in FY25

  5. Infibeam transferring e-commerce biz to subsidiary Rediff
  6. Read more news...

AI/Emerging Tech

  1. Nvidia, AMD agree to pay 15% of high-end AI chip revenue from China to US govt

  2. Deeptech robotics startup Neuralzome Cybernetic bags pre-seed funding

  3. xAI legal lead Robert Keele steps down

  4. OpenAI launches 'smart', less hallucinating GPT-5

  5. Google launches personal learning companion tool in Gemini
  6. Read more news...

Editor's Pick

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

  2. Complaint filed with SEBI against hBits over disclosure concerns amid family feud

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