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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Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; it was last valued at $1.2B in 2024 (Meir Orbach/CTech)

Meir Orbach / CTech : Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; ...