Browsing Tag
macroeconomic
No annual increments for senior leadership amid tough macroeconomic conditions: Flipkart tells…
The top 30% of employees at Flipkart, which includes the senior leadership at the company won’t be handed out any increments this year, the company said in an internal note to employees on Wednesday. “In the upcoming compensation planning…
BPM Companies turn to cost-saving deals in new normal
Business process management (BPM) firms are bagging more cost-saving deals as clients prioritise on cost-cutting and beating inflation.Genpact, the largest homegrown BPM player, said around two-thirds of deal conversations with clients are…
Ubisoft cancels three games and slashes targets, citing ‘worsening macroeconomic…
Tencent has increased its stake in French games maker Ubisoft, the company behind popular franchises like Assassin's Creed. But analysts said this has effectively closed the door on a full takeover of the company.Rafael Henrique | Sopa…
Grab to implement cost cuts, cites uncertain macroeconomic situation: CEO
Grab Holdings Ltd, Southeast Asia's biggest ride-hailing and food delivery firm, is rolling out cost-cutting measures to cope with an uncertain macroeconomic situation, the Singapore-based company's chief executive told staff in a memo.
The…
Mark Zuckerberg to let go 13% of Meta’s employees amid slow revenue and macroeconomic downturn
Today, Meta’s CEO Mark Zuckerberg announced the company will lay off about 13% of its workforce, more than 11,000 employees, to “become a leaner and more efficient company by cutting discretionary spending and extending hiring freeze…
Microsoft posts slowest quarterly revenue growth in 5 years, macroeconomic condition weigh
Microsoft Corp posted its slowest quarterly revenue growth in five years on Tuesday as the tough macroeconomic conditions hit PC sales and slowed cloud growth, which had supercharged the earnings for years.
The company reported revenue of…