Morning Tidings

Tag: companies

  • US Senator Ed Markey Warns Elon Musk for Mocking Him on Twitter, Says ‘Fix Your Companies, or Congress Will’

    US Senator Ed Markey Warns Elon Musk for Mocking Him on Twitter, Says ‘Fix Your Companies, or Congress Will’

    San Francisco, Nov 14: US Senator Ed Markey has warned Elon Musk for mocking him on Twitter, telling him to “fix your companies, or Congress will”.

    “One of your companies is under an FTC consent decree. Auto safety watchdog NHTSA is investigating another for killing people. And you’re spending your time picking fights online. Fix your companies. Or Congress will,” the Democrat from Massachusetts tweeted. Elon Musk Announces Organizations on Twitter Will Be Able To Identify Associated Accounts, Apologizes for App ‘Being Super Slow’.

    On Sunday, Musk had mocked Markey after the latter wrote a letter to the new Twitter CEO, slamming him for launching the $8 Blue service with verification.

    In his letter, the Democrat said: “A Washington Post reporter easily created a fake Twitter account in my name, and by paying $8 was also able to obtain Twitter’s blue checkmark, signifying that Twitter had ‘verified’ the account was indeed that of a sitting US Senator.”

    Replying to the Senator, Musk said: “Perhaps it is because your real account sounds like a parody?” Elon Musk Refuses To Hire Former T-Mobile President John Legere As Twitter CEO.

    About an hour later, the billionaire tweeted again, asking “And why does your pp (profile picture) have a mask?” in reference to the Senator’s Twitter profile photo, which shows him wearing a face covering.

  • Mass Layoffs: Sacked Tech Employees Find It Difficult To Get Jobs As Companies Freeze Hiring Amid Global Slowdown

    Mass Layoffs: Sacked Tech Employees Find It Difficult To Get Jobs As Companies Freeze Hiring Amid Global Slowdown

    San Francisco/New Delhi, Nov 13: As thousands of techies lose jobs at Big Tech companies, most of them are finding it difficult to get jobs, as there is a freeze on new hirings at nearly every top firm, amid global macroeconomic conditions and recession fears.

    Meta, Twitter, Salesforce, Lyft, Stripe, Uber and tech giants like Microsoft and Google, have laid off employees as well as put a total freeze on new hirings. Twitter $8 Blue Subscription Service To Return by End of Next Week, Elon Musk Confirms.

    Indian-origin Nilesh Bhandare, 39, was a data engineer at Twitter. He told the San Francisco Chronicle that he has seen a dramatic turnaround in job availability in the market.

    “While lots of recruiters have approached him, only about 20 per cent are focused on full-time positions. The rest are seeking contract workers — who can more easily be let go,” the report said.

    The last time Bhandare scouted for jobs, the situation was entirely different.

    “My take is, no one wants to commit now for full time, because companies are not sure about the economic situation,” Bhandare was quoted as saying in the report.

    It’s an anxious time for tens of thousands of newly laid-off workers amid inflation pressures and recession concerns.

    “Data suggests San Francisco’s tech industry has been losing jobs for months,” the report mentioned.

    In January, there were 41,718 tech job listings in the San Francisco-Oakland-Fremont metro area, according to job-hunting site ZipRecruiter.

    “By November 1, the jobs had plunged to 27,919 — down a third,” said the report.

    Jobs in the San Jose-Sunnyvale-Santa Clara metro area fell by a third, going from 28,421 tech job openings on January 1 to 18,748 on November 1.

    “We have seen labour market conditions deteriorate very substantially in a slice of the labour market,” Julia Pollak, ZipRecruiter chief economist, was quoted as saying. FTX Says Cryptocurrency Exchange Hacked, Over $600 Million Disappear A Day After Filing Chapter 11 Bankruptcy in US.

    Some people who were in earlier rounds of layoffs got jobs but even they are pessimistic about the current market.

    Several Indian-origin people are left in the lurch as the clock is ticking for them as they are on work visas.

    Himanshu V, an IIT-Kharagpur graduate who earlier worked at GitHub, Adobe and Flipkart, lost job at Meta.

    “I relocated to Canada to join #Meta and 2 days after joining, my journey came to an end as I am impacted by the massive layoff,” Himanshu said in a LinkedIn post.

    Raju Kadam, who worked at Meta for nine months, said he wasn’t expecting to be laid off as he had had “strong performance in all quarters” since joining the social network.

    “It abruptly came to an end. My clock to leave the USA has started today…help me find a job, otherwise I have to leave the USA with my kids,” Kadam said, posting a picture of his sons, Arjun and Yash, in the US.

    He said that he has been in the US for 16 years now and has seen the worst downturns, “but I never lost my job”.

    “I will do whatever in my power to give them the best opportunity to succeed in the USA. Hence, I need a new job in the USA ASAP,” Kadam posted on LinkedIn.

  • 50% of Companies Planning Job Cuts Amid Economic Downturn Worldwide

    New Delhi, Aug 19: At least half of the companies worldwide are planning to lay off people, most are reducing bonuses and rescinding job offers amid the economic downturn, a new report has warned.

    According to the latest PwC ‘Pulse: Managing business risks in 2022’ survey in the US, 50 per cent of respondents are reducing their overall headcount, even as business leaders remain concerned about hiring and retaining talent.

    “At the same time, respondents are also taking proactive steps to streamline the workforce and establish the appropriate mix of worker skills for the future,” said the report that came out on Thursday.

    This comes as no surprise, after a frenzy of hiring and a tight labour market over the past few years, as “executives see the distinction between having people and having people with the right skills”. US Plane Crash: Multiple Fatalities Reported After Two Small Aircraft Collide Mid-Air in California (Watch Video).

    “For example, 50 per cent of all respondents are reducing their overall headcount, 46 per cent are dropping or reducing signing bonuses and 44 per cent are rescinding offers,” the report revealed.

    More than 32,000 tech workers have been laid off in the US till July, including at Big Tech companies like Microsoft and Meta (formerly Facebook), and the worst has not been over yet for the tech sector that has seen massive stock sell-off.

    In India, more than 25,000 startup workers have lost jobs since the pandemic began — and more than 12,000 have been fired this year.

    The PwC report mentioned that these precautionary actions are more in certain industries.

    “Consumer markets and technology, media and telecommunications companies, for example, are more likely to invest in automation to address labour shortages,” the PwC report mentioned.

    At the same time, healthcare is seeing bigger talent challenges than other industries and is more focused on rehiring employees who have recently left.

    The global consulting firm last month polled more than 700 US executives and board members across industries.

    With increasing economic uncertainty, 83 per cent of executives are focusing their business strategy on growth.

    That uncertainty has become the standard with business leaders feeling cautiously optimistic about their ability to navigate future economic, social and geopolitical uncertainty.

    “On the whole, this generation of corporate leaders have minimal experience navigating a recession, yet with the possibility of one looming amid increasing geopolitical divides and skyrocketing inflation, they are bullish on their ability to handle what could be ahead,” said Kathryn Kaminsky, vice chair, trust solutions co-leader, PwC US.

    “Looking forward, executives will need to continue adjusting their business strategy and investments to mitigate risks and capitalise on growth opportunities,” Kaminsky added.

    Nearly two-thirds of businesses (63 per cent) have changed or are planning to change processes to address labour shortages, up from 56 per cent in January 2022.

    “Ironically, as businesses pivot even more towards automation, it’s critical to find employees with the right combination of deep functional knowledge and technology know-how. Without the right talent, automations can fail to deliver on promised efficiencies and increase operational risk,” the report noted.

    (The above story first appeared on Morning Tidings on Aug 19, 2022 01:53 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • BGMI Ban: Gaming Companies Urge PM Narendra Modi for ‘Uniform and Fair Treatment’

    New Delhi, Aug 9: After the government ordered Google and Apple to ban popular battle royale game Battlegrounds Mobile India (BGMI), some gaming companies have written a letter to Prime Minister Narendra Modi, requesting for a ‘fair treatment’ to help foster the gaming ecosystem in the country.

    The gaming platforms have urged the government to provide “a uniform and fair treatment of all entities operating in India”, according to sources.

    “While capital and infrastructure are critical to the survival and development of the industry, the leading global video gaming companies with their experience and next-generation technology are needed for establishing a robust gaming ecosystem in India,” read the letter. Battlegrounds Mobile India (BGMI) Removed From Google Play Store & Apple App Store in India.

    “There is a greater need for a clear set of standards and framework to ensure fairness and uniformity to all stakeholders. The industry wishes to pro-actively engage with the government in forming a robust set of video games-centric policies based on global best practices,” the letter noted.

    TechCrunch was first to report about the letter.

    Late last month, the government ordered Google and Apple to block the BGMI gaming app from their respective online stores under Section 69A of the Information Technology Act, 2000.

    The game developer Krafton had announced recently that BGMI surpassed 100 million registered users in India.

    The letter requested Modi’s urgent intervention in the matter, seeking his “counsel and guidance on working towards a more comprehensive dialogue and discussion in the future”.

    The ban on BGMI, which is the Indian version of PUBG, has resulted in a top e-sports event being postponed amid reports claiming a “China connection” behind the ban.

    Esports Premier League (ESPL) Season 2 was postponed owing to the ban last week.

    The esports event was set to see gamers from across the country with a prize pool of Rs 1 crore.

    (The above story first appeared on Morning Tidings on Aug 09, 2022 08:00 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Nap Box for Employees To Sleep During Work! Japanese Companies Itoki Corp and Koyoju Gohan KK Join Hands To Develop Machine That Promotes Healthy Environment

    Do you also need a nap during work? Hmm…but the still chairs couldn’t give you the vibe, right? What about a nap box which gives you a suitable condition to take a short nap in office and that too, in the most unique style! Japan has come up with a perfect solution of this routine problem to avoid the overwork culture in the country. Two Japanese companies, Itoki Corp from Tokyo and Koyoju Gohan KK from Hokkaido joined hands to develop vertical nap boxes which would allow officegoers to sleep while standing that would promote the healthy working environment. So, now you got a more comfy place to rest other than sneaking to the bathroom for a nap!

    Take a Look at Japan’s Unique Nap Boxes to Promote Healthy Work Environment

    Two Japanese companies are joining hands to make vertical “nap boxes” that’ll help bring a healthier office culture to the country

    Users will be able to sleep in the pod like a flamingo, standing upright https://t.co/Pl2a0fYt9U

    — Bloomberg (@business) July 15, 2022

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  • Bengaluru Man Dresses in Zomato Uniform and Delivers His Resume in Pastry Box to Start-Up Companies; Internet Reacts To His Quirky Gig!

    A young fellow from Bengaluru took Job seeking process to the next level by dressing up as a Zomato executive to deliver his resume! The job aspirant Aman Khandelwal tweeted that he got dressed as a Zomato agent to deliver his CV to start-up companies in the city. His peculiar gig was called ‘impersonation’ by the food delivery company Zomato. Aman attached a message underneath the lid of the pastry box, which read, “Most of the resumes end up in the trash, but mine in your belly.” ‘Level of Tolerance and Chill in Our Country Needs To Be Way Higher’, Tweets Deepinder Goyal After Zomato Faces Backlash for Calling Hindi As ‘National Language’.

    See The Tweet, Here: 

    (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and Morning Tidings Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of Morning Tidings, also Morning Tidings does not assume any responsibility or liability for the same.)

  • Know How Rakesh Prajapat Built One of the Best E-Commerce Companies at a Young Age

    The owner of Nexhour.com and Zebrs.com has thrived on his passion and love for his work.

    The level of success and the kind of momentum certain businesses and brands attain in a very short span of time can be attributed to a number of factors. One, of course, is the advent of technology, but another essential factor is the relentless drive and passion with which a few individuals, belonging mainly to the younger brigade, work to create brands and businesses that can create massive growth and success in the whole of the business world. These individuals always work with a specific goal in mind and, with their visionary ideas, turn those into reality, proving their mettle as young business owners in the digital world, which is already overflowing with innumerable other brands and businesses. Even amidst this, Rakesh Prajapat is one exceptional young business personality who has made waves in entrepreneurship.

    On asking why he chose the business space to create his career? The 26-year-old Indian talent replied saying, “I always wanted to make my career as an entrepreneur, and when I saw a constant boom in the e-commerce space, I decided to jump into the same to create my unique e-commerce websites. Also, I always felt more inclined towards everything tech and electronics. Hence, I focused on selling these items through the two ventures that I have built today, namely Nexhour.com and Zebrs.com.”

    Rakesh Prajapat says that building his companies was no walk in the park for him and that he had to face several challenges and hurdles on his path. But, he never lost hope, sharpened his entrepreneurial skills, and created a great network in his journey to build his companies that today have gained over 50 lakh customers and still growing.

    Nexhour.com offers people top brands in smartwatches, fitness bands, and audio devices from handy and portable to stylist and luxurious pieces in India, turning into a one-stop shop for everything electronics. He even launched Zebrs.com as a one-of-a-kind e-commerce startup for online electronics shopping in India on EMIs and Pay Later Services. People can find everything from mobiles, smartwatches, and electronics to kitchen and home appliances, self-care items, and laptops and tablets.

  • GST Proposal by Unit of Finance Ministry Could Potentially Wipe Out All Gaming Companies in India

    New Delhi, May 17 : As a critical meeting of the Group of Ministers (GoM), formed to discuss GST on online gaming takes place on May 18, a controversial proposal by a unit of the Finance Ministry, could spell the death knell for most gaming companies in India. The Tax Research Unit (TRU) of the Department of Revenue of the Finance Ministry has recommended charging 28-30 per cent of the gross Contest Entry amount. Currently 18 per cent GST is charged only on the platform fee by gaming companies. PBKS vs DC, IPL 2022: Shardul Thakur, Axar Patel and Kuldeep Yadav Help Delhi Defeat Punjab by 17 Runs; Enter Top Four.

    An industry source told IANS, “Currently, the platform margins range between 5-10 per cent for all formats, except fantasy sports. Esports like chess, carrom, car racing, first-person shooter, etc. charge around Rs 8 for 100 rupees deposited by the user. This becomes the revenue for the gaming companies and the remaining 92 rupees is paid back to the winner of the contest. Similarly, for skill-based cards games, platforms charge Rs 5-10 for every 100 rupees given by the user.” The source added, “Only in fantasy sports, the platforms charge around Rs 15 for every 100 rupees provided by the user. Therefore, if the TRU’s recommendations are accepted, the GST liability on the gaming companies will be 2-3X of the revenue of gaming platforms, except for fantasy platforms.”

    Fantasy gaming in India, which usually peaks during the IPL, is dominated by few operators, with Dream11, MPL and My11Circle controlling over 95 per cent of the market. There are over 950 platforms in India that offer esports, casual games and card games. The gaming industry, directly and indirectly, employs lakhs of people in the sector. All these smaller companies, along with their investment and employment, could potentially be wiped out.

    (The above story first appeared on Morning Tidings on May 17, 2022 12:55 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Sleek Featured in Forbes AI 50 – America’s 50 Most Promising Artificial Intelligence Companies of 2021

    Sleek Featured in Forbes AI 50 – America’s 50 Most Promising Artificial Intelligence Companies of 2021

    Forbes named Sleek to the third annual AI 50 List, honoring the 50 most compelling artificial intelligence companies creating value by making humans more efficient. Sleek brings dynamically priced priority lanes at any venue, saving patrons hours of time.

    Lines are a universally terrible experience — businesses suffer for their own popularity as customers get scared away or angered by the long waits. Waiting in lines is an incredible anachronism and the process of physically lining up in front of another person probably hasn’t changed since 15th century man! Sleek brings modern technology to the queue and quickly turns it from a lose lose to a rare win win experience for both businesses and consumers. Businesses are able to turn their lines into additional revenue and consumers have the freedom to decide what the value of their specific time is.

    “Artificial intelligence is usually associated with enterprise companies; one doesn’t think of applying the “AI” moniker to consumer companies but every day we are surrounded by AI use cases that are transforming our lives. To distinguish oneself as a promising consumer AI company, a delightful product experience must be paired with highly sophisticated technologies, almost invisible to the naked eye” – says CEO, Spandana Nakka.

    Sleek is an AI first company in nearly every sense of the word. Sleek calculates wait times by fusing data from existing onsite hardware – security cameras, Wi-Fi, smart devices nearby to arrive at accurate wait times without deploying additional hardware. The company’s technology supplies wait times that play a crucial role in enhancing user experience during covid, where understanding on-premise wait times is a must have. In fractions of a second, Sleek determines exactly how much to charge a user, if they’d like a reduced wait time based on millions of potential variables as diverse as the weather and the density of people nearby. 

    Forbes partnered with venture firms Sequoia Capital and Meritech Capital to create the third annual AI 50, a list of private, promising North American companies that are using artificial intelligence in ways that are fundamental to their operations. To be considered, businesses must be privately-held and utilizing machine learning (where systems learn from data to improve on tasks), natural language processing (which enables programs to “understand” written or spoken language) or computer vision (which relates to how machines “see”). 

    To create the list, Forbes evaluated hundreds of submissions from the U.S. and Canada. An algorithm identified the top 100 companies with the highest quantitative scores. A panel of expert AI judges then reviewed the finalists to hand-pick the 50 most compelling companies.

    About Sleek

    Sleek brings a dynamically priced priority lane at any venue. Foot traffic ebbs & flows differently through the day/month/year – Sleek automatically captures the upside (as much as ~20%) by adding dollars to the top line while providing a smarter experience to all patrons.

    Sleek is backed by Tier-1 investors including Lightspeed Venture Partners, BAM & started by a team of ex Google & Stanford Engineers, also Forbes 30u30 honorees.

  • #datingCompanies Funny Memes Take Over Twitter! From LIC to Dettol, What It Would Be Like To Date Someone From These Companies and Brands

    #datingCompanies Funny Memes Take Over Twitter! From LIC to Dettol, What It Would Be Like To Date Someone From These Companies and Brands

    I love the internet. No, not for the information because that is like walking on thin ice these days. I love the internet for its randomness. Okay, enough of philosophical making-sense statements. We love the internet for giving us a daily dose of funny memes. RN, #datingCompanies hashtag is trending and we do not know why (actually don’t care much) as long as these hilarious memes got us ROFLing!

    Still a Maggi Lover?

    Take a Note, Please

    Awww

    HEHEHEEHE

    Point Taken

    Okay, Then

    Makes Sense

    Take This Medal

    K.

    Forever and Ever

    Kya Samjhe Daya

    Uhm Uhm

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