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E Commerce

Amazon asked employees to voluntarily resign before November 29

Amazon has already laid off thousands of employees, and it has now been revealed that the company is asking people to leave voluntarily. According to internal documents obtained by CNBC, the e-commerce behemoth is making “voluntary severance” offers to some employees across multiple divisions. Human resources and employee services departments are also included.

Those who are ready to leave the company will receive a severance payment in the next three months, as well as one week’s salary for every six months of employment with Amazon. The offer will also include a weekly stipend for 12 weeks, which can be “used to offset COBRA premiums,” according to the report. Employees will also continue to receive insurance coverage until the end of the year.

by Tech In Asia

GoTo’s legal and corporate secretary said the company follows regulations for public companies and will prioritize the interests of shareholders. Source link

by INC42

SUMMARY The due diligence is done, and both sides are negotiating final terms for the cash and equity transaction If the deal closes, it will mark one of the biggest consolidation in India’s auto tech sector Notably, CarDekho entered the unicorn club in October 2021 after raising $250 Mn at a $1.2 Bn valuation. It, however, shut down its used-car retail business in 2023 after high operating costs made it unviable Listed auto marketplace CarTrade is reportedly in advanced stages to acquire rival CarDekho in a deal valued at… Source link

by INC42

From a brand known for its cool urban image and setting the Indian craft brewery benchmark, Bira 91’s survival hangs by a thread.  The startup, which has raised more than $200 Mn in funding to date from investors such as Peak XV Partners, Sofina, and Kirin Holdings, among others, is struggling to move past the slowdown that hit its business last year.   At the centre of the storm are 600 employees, the investors, and Ankur Jain, the CEO and founder of B9 Beverages Ltd, Bira 91’s parent company.  Jain is under pressure to step down… Source link