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Zerodha CEO Nithin Kamath warns of AI job loss, but says ‘we won't fire’

Zerodha CEO Nithin Kamath expressed concern that companies will rely on AI to boost profits. He, however, committed to prevent AI job loss in his company.

Zerodha co-founder Nikhil Kamath.(Mint file)
Published on May 12, 2023 08:16 PM IST

Financial woes force Koo, Twitter's rival in India, to layoff 30% staff

Twitter’s spat with the Indian authorities led many citizens, including government officials, cricket stars, celebrities flocked to Koo as a local alternative.

Koo was launched in March 2020.
Published on Apr 20, 2023 11:48 AM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

Layoffs to continue at Meta; job cuts in Facebook, WhatsApp, Instagram: Report

Meta Platforms Inc. jobs may impact all products including Facebook, WhatsApp, Instagram and Reality Labs.

Facebook CEO Mark Zuckerberg has said the year as 'year of efficiency'.(REUTERS)
Published on Apr 19, 2023 09:43 AM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar

Streaming device maker Roku eliminates 200 jobs in second round of layoffs

Job cuts in U.S. tech sector hit 63,000 in the first two months of the year, according to data from Challenger, Gray & Christmas Inc.

Roku is U.S. streaming device maker.(Roku)
Published on Mar 30, 2023 05:15 PM IST
Reuters | | Posted by Singh Rahul Sunilkumar

Unacademy sacks 380 employees in fourth round of mass layoffs in a year: Report

Unacademy, an edtech company, reportedly dismissed nearly 380 workers as part of its fourth round of mass cutbacks. As the boom seen during Covid diminishes, the tech industry across the globe is implementing strict cost-cutting measures.

Unacademy was founded by Gaurav Munjal, Hemesh Singh, and Roman Saini in 2015.(Instagram/ Gaurav Munjal)
Published on Mar 30, 2023 12:05 PM IST
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