Tech Companies Laid Off Over 27,000 Employees In August
Major tech companies like Cisco, Intel, and others have reduced or are planning to reduce their labour force. So far this year, 422 companies have laid off 136,000 tech professionals, and 27,000 employees lost their jobs in August itself. Intel Cuts 15% Of Its Total Labour Force Yesterday, in its memo, Intel announced that it…
Shipra Prajapati
Apple To Appoint New Chief Financial OfficerÂ
Ahead of its iphone 16 series release, Apple announced a major change in its management positions. The company announced that Kevan Parekh will be taking up the position of Luca Maestri, who is currently the CFO of the company. Parekh was the vice president of the Financial Planning and Analysis and will now be joining…
iPhone Pro Models Now Made in India—Lower Prices Ahead?
Apple has started training thousands of workers in its Tamil Nadu factory to produce its higher-end iPhone models, Pro and Pro Max versions. The company has also started pilot runs for the base models, and it plans to mass-produce them to meet the global launch timeline. Foxconn will likely be given priority for new manufacturing…
ABHYUDAYA MITTAL
Apple Ascends To Number One, Leaving Microsoft Behind
Apple reclaims its position as the most valued company in the world, surpassing Microsoft. The company lost its top position after its competitors, Microsoft and Google-owner Alphabet, entered the growing field of Artificial Intelligence. As per Barron’s, “Apple, which had taken its time to formulate its AI strategy, lost its long-held top spot in January…
Global Tech Recap: Top Tech News This WeekÂ
The tech landscape worldwide changes daily, and staying updated with it has become extremely important. This tech recap will help you understand the latest developments in tech business worldwide. 1. Elon Musk Pospones His Much-Anticipated India Visit The CEO of Tesla and SpaceX, Elon Musk, was scheduled to visit India on the 21st and 22nd…
Apple To Shift Half Of Supply Chain From China To India
Recently, Apple has been trying to distance itself from China for obvious reasons and is investing heavily in India. Moreover, the company wants to shift half of its supply chain from China to India over the next three years, significantly increasing the number of jobs it offers in India. As per reports by the Economic…
Top Business News Round-Up From Asia
The development of Asia has speed up in the last few years thanks to emerging technology and the integration of AI. Read our Asian news round-up and stay up-to-date with all the latest developments from Asia. Singapore To See Acceleration In Its Economic Growth The Mastercard Economic Institute or MEI, has released a report, and…
Abdullah Ansari
Karnataka Government Approves Projects Worth $4.09 Billion
In an attempt to uplift the state’s economy, the Karnataka government has approved 14 investment projects worth $4.09 billion. According to the state authority, these projects have the potential to generate around 13,308 jobs in Karnataka. Out of the 14 approved projects, 10 are brand new, while the remaining 4 are old projects planned to…
Aman Goyal
Apple Agrees To Pay $25 Million In Settlements
The world’s biggest tech company, Apple Inc. will pay $25 million to the US Justice Department after the agency accused Apple of hiring immigrant workers over US citizens and green card holders for certain jobs. In a statement, the US Justice Department said that Apple did not hire US Citizens and permanent residents for certain…
Yash Sharma
Apple To Manufacture iPhone In India After Revenue Gains
Apple is having their best year in India to date. With more than 2.5 million units sold, Apple has now surpassed Samsung and Xiaomi in terms of market share. Apple, Samsung and Xiaomi have a market share of 34%, 17% and 16.6% respectively. India is the second biggest smartphone market in the world and for…
Vipin