Workday layoffs: Human capital management firm to slash 8.5% of workforce amid AI surge

Workday layoffs: The human capital management firm Workday will cut nearly 1,750 jobs, constituting 8.5% of its current workforce, as the company focuses on heavily investing in artificial intelligence adjusting to the macroeconomic environment, reported Reuters. The layoffs are important in prioritising investments such as artificial intelligence and freeing up resources to expand to several…

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Byju’s insolvency: Suspended directors challenge NCLT ruling reinstating lenders, cite prejudice

Suspended directors of the bankrupt edtech firm Byju’s have approached the National Company Law Appellate Tribunal (NCLAT), challenging a Bengaluru insolvency court’s decision to reinstate its lenders as financial creditors while failing to rule on its ₹158 crore settlement with the Board of Control for Cricket in India (BCCI). The petition, filed by suspended director…

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Check top buzzing stocks of the day

The benchmark equity indices on Tuesday, February 4, were trading in green, rising nearly 1%, during the late morning deals. At 12 PM, the S&P BSE SENSEX was trading at 77,813.76, up 627.02 points, or 0.81%, while the NSE’s NIFTY50 index was at 23,536.05, rising 175 points, or 0.75%. Here is a list of stocks…

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