Tag: covid19
Casper winds down European operations and lays off 78 people
Mattress company Casper is shutting down its European operations and laying off 78 people as it focuses on “achieving profitability,” according to a statement by the company. The layoff impacts 21% of its corporate workforce globally. In the statement, the company said that it is winding down European operations to…
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Houzz lays off 155 employees, cuts executive salaries
Houzz, an online platform for home renovation and design, has laid off 155 employees, roughly 10 percent of its staff, per an internal memo obtained by TechCrunch. Executive salaries also took a cut. The company, last valued at $4 billion, confirmed the content of the memo in a statement to…
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Facebook launches Fundraisers in India, expands partnerships with state governments for WhatsApp and Messenger helplines
Facebook has expanded Fundraisers to India and is working with several additional state governments to provide authoritative information about the coronavirus to more people in the country, it said today. Fundraisers, which was available in the U.S. and Europe prior to Monday’s announcement, allows people to collectively contribute towards the…
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To avoid hostile takeovers amid COVID-19, India mandates approvals on Chinese investments
Chinese investors, who have poured about $6 billion into Indian startups in the last two years, will be subjected to strict regulation for their future investments in the world’s second largest internet market. India amended its foreign direct investment policy on Saturday to include China in the list of neighboring…
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Ola opens its tech platform to Indian government to combat coronavirus crisis
As India scrambles to keep its citizens safe from the coronavirus, local ride-hailing giant Ola has stepped up to help. The Indian firm has made its technology platform — which is capable of, among other things, conducting real-time tracking and navigation and managing crowds — available to the federal and…
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India says video conference app Zoom is ‘not safe’
India said today Zoom is ‘not a safe platform’ and advised government employees to not use it as the video conference service surges in popularity in many nations including the world’s second largest smartphone market as billions of people remain stuck at home due to the coronavirus crisis. “Zoom is a…
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