LinkedIn, the professional networking platform, announced that it will cut 716 jobs worldwide as part of its efforts to streamline its operations. In addition to the job cuts, LinkedIn will also phase out its local jobs app in China, InJobs, which will be replaced by InCareers. The decision to cut jobs was announced by CEO …
Razorpay, a Bengaluru-based digital payments company, has announced that it is relocating its parent entity back to India from the United States. The move is driven by stricter regulations in the fintech sector, which have made it difficult for Indian companies to operate abroad. The announcement comes on the heels of a similar decision by …
Swiggy, the Indian food delivery giant, has disbursed Rs. 31 crore in claim amounts to its delivery partners in the fiscal year 2022-23, according to a company statement. The figure represents a 10% increase compared to the previous fiscal year. The food delivery company, which has approximately 3 lakh delivery partners across India, began offering …
Inflection AI, a startup co-founded by Reid Hoffman, LinkedIn’s Co-founder, and Mustafa Suleyman, DeepMind’s Co-founder, has launched its first AI chatbot product. The chatbot, called Pi, is powered by generative AI technology that can converse with users across platforms like Instagram and the startup’s website. Pi’s interactions are intended to be more conversational than transactional, …
Nathaniel Chastain, a former manager at OpenSea, the world’s largest marketplace for non-fungible tokens (NFTs), has been convicted of fraud and money laundering. Chastain used his insider knowledge of which NFTs would be featured on OpenSea’s home page to make personal trades and profit over $50,000. According to reports, Chastain’s actions violated the company’s policies …