January 29, 2023
Mass Layoffs At Twitter, Dip In Smartphone Shipments In India And Extra
Mass Layoffs At Twitter, Dip In Smartphone Shipments In India And Extra

By CNBCTV18.com  IST (Up to date)

Twitter CEO Musk, who not too long ago took over the social media platform, justified his restructuring choice, saying “there isn’t any alternative when the corporate is shedding over $4M/day

Social media large Twitter, which was not too long ago taken over by billionaire Elon Musk, laid off half of its workforce globally on Friday to chop prices as advertisers curtailed spending amid issues about content material moderation. Tweets from staff confirmed that these laid off have been from groups answerable for content material curation, communications, machine studying ethics, human rights and product and engineering. Twitter CEO Musk took to social media to justify his restructuring choice, saying “there isn’t any alternative when the corporate is shedding over $4M/day.”

“Everybody exited was provided 3 months of severance, which is 50% greater than legally required,” he wrote on Twitter.

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Here’s a take a look at a number of the different highlights within the tech sector this week.

Apple transfer

Taiwan’s Pegatron Corp has develop into the second Apple provider in India after Foxconn to begin assembling the newest iPhone 14 mannequin within the nation. The Foxconn Group began making the iPhone 14 in India in September. The transfer comes after Apple’s key iPhone Professional manufacturing hub within the Chinese language metropolis of Zhengzhou, which was operated by Foxconn Expertise Group, was shut down abruptly by the authorities following a surge in Covid-19 infections.

Twitter down

On November 4, Twitter customers confronted bother accessing feeds on the microblogging website, whereas some discovered it troublesome to log in. In keeping with Downdetector, a platform that tracks the standing of varied web sites and providers and offers real-time data, 6 p.c of the individuals confronted points with the app, whereas 94 p.c reported issues with the web site.

WhatsApp communities characteristic

Meta chief Mark Zuckerberg has stated WhatsApp will globally roll out the characteristic referred to as Communities to customers and it will likely be obtainable to everybody over the subsequent few months. The characteristic permits customers to organise numerous discussion groups in bigger constructions. Utilizing the Communities characteristic, the administrator can ship alerts to a group of 1000’s. The characteristic may very well be utilized by workplaces or faculties.

Smartphone shipments

India has reported an 11 p.c decline year-on-year in smartphone shipments at simply over 45 million items within the third quarter of 2022-23 (July-September), analysis by Counterpoint’s Market Monitor service has revealed. The report attributed the decline to the excessive base final 12 months following pent-up demand in the course of the third quarter of 2021-22 and decrease client demand within the entry tier.

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