Tag: unit

  • Srinivas Satya to head supply chain and component business unit at Tata Electronics

    Tata Electronics on Friday said it has appointed Srinivas Satya as the head of supply chain and component business unit. “We are delighted to have Srinivas join our team,” Dr. Randhir Thakur, CEO & managing director, Tata Electronics said in a statement. “His extensive leadership experience, passion for performance, and customer orientation strengthens our component…

  • Amazon lays off about 5% of workforce at Buy with Prime unit

    Amazon.com said on Thursday it is laying off fewer than 5% of employees at its Buy with Prime unit. Launched in 2022, Buy with Prime gives retailers, who are not Amazon merchants, fulfillment and delivery services through its logistics network. Elevate Your Tech Prowess with High-Value Skill Courses Offering College Course Website IIM Lucknow IIML…

  • Amazon lays off about 5% of workforce at Buy with Prime unit

    Amazon.com said on Thursday it is laying off fewer than 5% of employees at its Buy with Prime unit. Launched in 2022, Buy with Prime gives retailers, who are not Amazon merchants, fulfillment and delivery services through its logistics network. Elevate Your Tech Prowess with High-Value Skill Courses Offering College Course Website IIM Lucknow IIML…

  • Baidu terminates $3.6 billion purchase of JOYY’s China live-streaming unit

    Baidu has terminated its planned $3.6 billion acquisition of Nasdaq-listed JOYY Inc’s China live-streaming business, the company said on Monday in a filing with the Hong Kong stock exchange. The failure of the deal casts a shadow on search engine giant Baidu’s ambition to diversify its revenue. The company proposed to acquire JOYY’s video-based entertainment…

  • Twilio lays off 5% of employees in unit activists want to divest

    Jeff Lawson, chief executive officer of Twilio Inc., during the Singapore FinTech Festival in Singapore, on Friday, Nov. 17, 2023. Lionel Ng | Bloomberg | Getty Images Software provider Twilio said Monday it would lay off roughly 5% of its workforce, or around 400 employees, citing underachievement in the growth of a unit that activist…

  • TikTok owner ByteDance axes hundreds of jobs in gaming unit as it scales back ambition

    Sheldon Cooper | LightRocket | Getty Images TikTok parent company ByteDance is cutting hundreds of jobs in its gaming division, a person familiar with the matter told CNBC, marking a significant retreat from a segment it has invested billions of dollars in to challenge market leader Tencent. “We regularly review our businesses and make adjustments…