Facebook's parent company Meta announced on Tuesday it will fire another 10,000 people, implementing a second round of jobs cuts after it slashed 11,000 positions in November last year, to improve its financial performance in a "difficult environment". Meta founder Mark Zuckerberg said in a post that overall "we expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven't yet hired." The company has said that in its "Year of Efficiency", the company aims to make itself "a better technology company and to improve our financial performance in a difficult environment so we can execute our long-term vision."
About 21 per cent Indians born between the mid-1990s and mid-2010s say a potential partner not aligning politically with them is a dating red flag.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
The community is planning to welcome Modi at every possible location where he could be available during his three-day stay.
She was found guilty in January of duping investors and lying about the technology after a three-month trial.
Let's fix the system, end the abuses but make sure we recognise the role of immigrants in creating jobs: Khanna.
An Indian American Silicon Valley entrepreneur has launched a unique initiative designed to get techies to volunteer their time to develop software and applications that will benefit people in India and other developing countries.
'I know of at least one techie who quit his job to join the AAP in Delhi. Many others traveled to India to volunteer during the election. If you ask these volunteers why they were doing it when they can't even vote in India, they say, "We want a corruption-free India".' Ritu Jha looks back on the year that was; it was party time, she says, for news junkies like her.
'I don't think we have ever seen such alignment of everything that we need in the banking sector.'
Prince Harry has secured a new job to add to his resume. Harry is set to become the chief impact officer of BetterUp, a San Francisco-based company that provides virtual coaching and counselling to employees and individuals.
Tesla began taking orders for its $35,000 Model 3 sedan from Indian customers in April last year.
Silicon-Valley based serial techpreneur and Hotmail co-founder Sabeer Bhatia has launched a purpose-driven social video messaging platform, ShowReel, that aims to enable employment and upskilling opportunities for job seekers globally.
Blacks and Hispanics make up about 18 percent of Apple's workforce, a ratio that is about triple of those of most other tech firms.
After New York and Washington DC, Jaitley would head for California.
Those close to Khanna, 46, say he is keeping his options open ahead of a potential presidential run in 2028 or beyond. But others in his orbit are talking about an even more compressed timeline: running in 2024 if President Joe Biden, 80, decided not to, according to Politico, a political newspaper company based in Arlington County in the US.
Mirza Tatlic fatally shot Naren Prabhu, a Silicon Valley tech executive, and his wife at their home in San Jose.
With the Nifty50 just about 3 per cent away from its all-time closing high of 18,812 points, analysts at BofA Securities suggest investors book profit. Their reasons for the advice include risks like the possibility of a cut in corporate earnings growth forecasts, high valuation (one-year forward P/E of 19.5x), interest rates staying elevated for longer-than-expected and credit tightening. Going ahead, they expect the Nifty50 index to drop to 16,000 levels - down nearly 12 per cent from the current level of 18,255 points, which they believe would be a good time to buy.
This is the highest number of Indian-Americans in the history of the US Congress.
India's economy continues to be robust, but downside risks such as rising crude oil prices, adverse weather conditions, and the global banking crisis outweigh the upside potential in gross domestic product (GDP) growth in the current financial year (FY24), the finance ministry said on Tuesday in its Monthly Economic Review for March. "We reiterate that downside risks to our official forecast of 6.5 per cent for real GDP growth in FY24 dominate upside risks," the review said. "Opec's surprise production cut has seen oil prices rise in April, off their lows of low-seventies per barrel in March.
'Sweden removed the inheritance tax because many of the rich were fleeing. For example, the owner of IKEA had migrated out of Sweden'
The race for space has got real, and it is attracting funding like never before. In 2022 so far, funding to private players in the space sector has jumped a whopping 61.5 per cent - soaring to $108.52 million compared to $67.2 million in 2021. Propelling it is the government's decision to open up the space sector to private players and the work done by companies like Skyroot Aerospace, the Hyderabad-based start-up behind the launch of India's first privately developed rocket on November 18.
The company, which was acquired by social networking giant Facebook in February this year for $19 billion, was founded in 2009 by Ukrainian Jan Koum and American Brian Acton.
Gandhi said the govt "tried everything to stop" his 'Bharat Jodo Yatra', but nothing was working against the "effect" of the foot march.
Letsgomo Labs has a 76-member team.
Digital India was the flavour of the PM's recent Silicon Valley visit.
Modi has accelerated efforts to make India the next driver in innovation, Sunder Pichai said.
... And it's not just fear of job losses, says Ajit Balakrishnan.
In an interaction with rediff.com, various TiE members expressed hopes of revival in the Indian economy after the formation of the new government.
A record five Indian-American lawmakers from the ruling Democrat Party, including Raja Krishnamoorthi, Ro Khanna, Pramila Jayapal and Ami Bera have been elected to the US House of Representatives, while several others were elected in state legislatures, in one of the most polarised midterm elections in the country.
Smart India Hackathon 2017 saw them build computer programmes or smartphone applications for 598 problems identified by different government departments.
The seven Indian-Americans are cybersecurity firm ZScaler CEO Jay Chaudhry, founder and chairman of Symphony Technology Group Romesh Wadhwani, cofounder and CEO of online home goods retailer Wayfair Niraj Shah, Silicon Valley venture capital firm Khosla Ventures founder Vinod Khosla, managing partner of Sherpalo Ventures Kavitark Ram Shriram, Airline veteran Rakesh Gangwal and Workday CEO and co-founder Aneel Bhusri.
The move by the two Silicon Valley companies came the day when Twitter permanently suspended Trump's account due to "risk of further incitement of violence".
Golden Globes that could go wrong.
California State Attorney General Kamala Harris and Congresswoman Loretta Sanchez battle each other to become California's next United States senator, after winning the top two spots in an open primary on Tuesday, reports Ritu Jha from California.
'Congratulations @sundarpichai. My best wishes for the new role at @google, Modi had tweeted.
Dear Kate has released it's new lookbook featuring tech bosses in their undies.
According to the US Securities and Exchange Commission, Ramesh "Sunny" Balwani and the founder Elizabeth Holmes raised money by deceiving investors about the company's technology, business and financial performance, raising more than USD 700 million in years-long "massive fraud".
Former U-19 World Cup-winning captain Unmukt Chand is set to become the first Indian cricketer to play in Australia's Big Bash League after he signed for Melbourne Renegades for the 2021-2022 season.
Five Indian-Americans have been named among the 400 richest people in the US by Forbes, a list topped by Microsoft co-founder Bill Gates for the 21st year in a row with a net worth of $81 billion.
The US is planning to resume the process of domestic visa revalidation in certain categories, like H-1B and L1 visas, on a pilot basis later this year, a move that will benefit tens of thousands of foreign tech workers, particularly from India. Until 2004, certain categories of non-immigrant visas, particularly the H-1B, could be renewed or stamped inside the US. After that, for the renewal of these visas, in particular, those on H-1B, the foreign tech workers have to go out of the country, mostly to their own country to get the H-1B extension stamped on their passport.
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