EducateKaro – Handpicked Tech & Startup News | Quick, Smart Summaries
Handpicked Tech & Startup News | Quick, Smart Summaries
VerSe Innovation, the parent company behind popular platforms Dailyhunt and Josh, is letting go of approximately 350 employees this month as part of a company-wide restructuring. The move is aimed at cutting costs, boosting profitability, and accelerating its shift toward artificial intelligence (AI)-driven growth.
Source: MoneyControl
Ola Electric is slashing over 1,000 jobs to tackle soaring losses, hitting Rs 562 crore last quarter—up from Rs 374 crore a year ago. It’s the second layoffs round after 500 cuts in November. Facing Bajaj Auto’s competition, Ola’s automating, restructuring, and using its 4,000 stores for inventory to boost margins and reclaim its EV edge.
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