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UPDATED September 14, 2023 -- As COVID drove everyone online, tech companies hired like crazy. Now we are hitting the COVID tech bust as tech giants shed jobs by the thousands. Check back regularly for updates to our IT job layoffs tracker.
Mukesh Ambani's Reliance Retail is planning to rebrand the Milkbasket app to bring it under the Jio brand.
As per media reports, about 25-30 per cent of Milkbasket's staff (around 600 employees) have been laid off over the last few months. While ETRetail directly could not confirm the size of layoffs, sources aware of the matter said that these layoffs include the entire offline marketing, sales, and head office teams.
In a boost for Indias Semiconductor Mission, California-based Advanced Micro Devices (AMD) will invest $400 million in India, its chief technology officer said at the Semicon India 2023 conference in Gujarat. This and more in todays ETtech Top 5.
Milkbasket employees from teams like tech, product, category, procurement, marketing, among others, will be impacted by the exercise