SoftBank-backed Inmobi lays off 50-70 staffers, cites performance as reason

SoftBank-backed Inmobi has fired about 50-70 people on performance metrics. According to a source, the employees impacted are from Inmobi and the firm’s lock screen-based content provider......

SoftBank warns its portfolio firms of cost cutting

After a recent fall in profit, Masayoshi Son of SoftBank announced that the Japanese tech investor will look at dramatic cost-cutting. Photograph: Toru Hanai/Reuters Before he does that,......

Tech firms offer 'support' to employees as Covid cases surge

Companies are advising employees not to venture out of their homes and give prominence to the health and safety of the family. Infosys, Facebook, Genpact, and Cognizant, among others, have reached......

India set to have 150 unicorns by 2025

$47.6 bn capital invested across 921 deals in India in 2020, despite pandemic. Illustration: Uttam Ghosh/Rediff.com Mohanjit Jolly lost a good amount of weight during this pandemic as he walks......