Saturday, May 16, 2020

Internal email: Indian food delivery startup Zomato to layoff 520 employees, or 13% of its workforce, and temporarily cut salaries of the rest (Aditi Shrivastava/The Economic Times)

Aditi Shrivastava / The Economic Times:
Internal email: Indian food delivery startup Zomato to layoff 520 employees, or 13% of its workforce, and temporarily cut salaries of the rest  —  Employees being let go will receive half their salaries and health insurance for six months  —  Food delivery platform Zomato will layoff 520 employees …



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Filing: SK Hynix plans a ~$29B share buyback, repurchasing and canceling up to 24M treasury shares, in a bid to calm worries about the durability of AI spending (Denny Thomas/Bloomberg)

Denny Thomas / Bloomberg : Filing: SK Hynix plans a ~$29B share buyback, repurchasing and canceling up to 24M treasury shares, in a bid t...