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Mark Zuckerberg puts Meta's middle managers on notice

Mark Zuckerberg warns Meta’s middle level managers; puts them on notice

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Is Meta gearing up for more layoffs? Meta Founder and CEO Mark Zuckerberg have reportedly put middle managers at the company on notice. Zuckerberg warned...
Reflecting the theme of

The first G20 finance and central bank deputies meet held in Bengaluru

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The meet was attended by over 160 foreign delegates including Deputies from G20 member countries, invitee countries, and International Organizations Marking the beginning of the...
A new performance management system could help managers push out thousands of underperforming employees starting early next year

Google’s parent company Alphabet to lay off 10,000 employees through new ranking and performance...

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CEO Sundar Pichai aims to make Alphabet 20% more efficient, hinting at job cuts Alphabet, Google's parent company, is reportedly gearing up to lay off...
Zuckerberg said the company is taking steps to become a leaner and efficient by cutting discretionary spending & extending its hiring freeze through Q1

Mark Zuckerberg sacks over 11,000 employees, hiring freeze extended at Meta for Q1 2023

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Meta lays off over 11,000 employees in biggest tech layoff in 2022 On Wednesday Meta Founder and CEO Mark Zuckerberg sacked more than 11,000 employees...
RBI has hiked the repo rate by 50 basis points to 5.90%, the fourth straight increase in the current cycle, to tame sustained above-target retail inflation rate

RBI hikes repo rate to subdue the inflation; pegs inflation at 6.7% & eco...

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RBI Governor Shaktikanta Das announces hike in repo rate by 50 basis points to subdue the inflation The Reserve Bank of India's Monetary Policy Committee...
RBI's policy is to prevent excessive volatility of the rupee, or the exchange rate and also anchor expectations around the currency's depreciation

Despite substantial devaluation in other currencies, Indian rupee maintained its value: RBI Governor

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Amid extreme volatility in global stock markets, the Indian rupee has "held its own", says RBI governor Despite extreme volatility in global stock markets, especially...
Moody's cut the GDP growth forecast for G-20 nations to 2.1% from 2.9% for the year 2023

Moody’s reduces GDP growth forecast for G-20 nations’ to 2.5% in 2022

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Moody's forecasts 2.1% growth in 2022, 1.1% in 2023 for G-20 advanced economies Moody's Investors Service, the global credit rating agency on Wednesday reduced the...
Value-wise India's Q2 2022 gold demand value was Rs 79,270 crore, an increase of 54 percent in comparison with Q2 2021

India’s demand for gold rises 43% in Q2, says World Gold Council

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Akshaya Tritiya coupled with traditional wedding buying spurred jewellery demand by 49% to 140.3 tonnes Coming out of the grip of the economic slump brought...
The UN trade and development body UNCTAD says that in 2021, developing countries accounted for 15 of the top 20 economies when it comes to the share of the population that owns cryptocurrencies

In India, 7.3% of the population owned digital currency in 2021, the Seventh highest...

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Global use of cryptocurrencies has increased exponentially during Covid pandemic, says a report Even after the repeated warning from the Reserve Bank of India (RBI)...
Since Q1 2022, the macroeconomic environment has shifted dramatically, sparking a dramatic pullback in equity and crypto markets

BlockFi & Crypto.com lay off hundreds of employees as coins slump

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As global crypto market batter, BlockFi and Crypto.com lay off hundreds of employees After the global crypto market was battered owing to a "dramatic shift"...

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