TECH NEWS LAST WEEK: 80% STAFF FIRED IN BENGALURU STARTUP, PINK SLIPS TO EMPLOYEES AT META, APPLE SHUTS PAY LATER

This week in tech, a Bengaluru startup slashes 80% of its workforce, Facebook-parent company announces layoffs, and the US sues Adobe. Here are the top 10 tech stories you need to know, highlighting significant shifts and developments in the industry.

ReshaMandi lays off 80% of staff as it fails to get funding

Because it was unable to obtain a Series B investment, ReshaMandi, a Bengaluru-based B2B marketplace that specializes in silk yarn items, fired 80% of its employees. Since last year, the corporation has been drastically cutting back on its operations.The corporation drastically reduced its workforce, going from 500 people in January 2023 to, reportedly, about 100 by the end of the year. Approximately 300 employees are currently awaiting their final pay and dues in this procedure. Visit ReshaMandi to learn more about what caused this predicament.

There is still waiting for the online gaming sector

The 53rd GST Council Meeting was presided over by Union Finance Minister Nirmala Sitharaman, during which a number of decisions were made to facilitate trade, simplify tax compliance, and provide relief to taxpayers. The FM confirmed that the matter wasn't discussed during the meeting, despite the expectation of online gaming enterprises for a modification of the 28% Goods and Services Tax (GST) rate applicable to their industry and online casinos. See what Finance Minister Nirmala Sitharaman had to say about it by reading on.

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Meta reorganizes Reality Lab, letting go of a limited number of employees

The Reality Labs branch of Facebook parent company Meta is reorganizing and will now be split into two groups: Metaverse and Wearables. For some, the restructuring comes with pink slips. But the precise figure is still unknown. While Reality Labs' Wearables branch is working on other wearables, such as the Ray-Ban smart glasses, the Metaverse team will concentrate on Oculus headsets. Learn more about Meta's reorganization.

US DoJ sues Adobe

The software giant Adobe is being sued by the US government for allegedly misleading consumers by concealing early termination penalties and making it difficult for users to terminate their contracts. Adobe has been accused by the Department of Justice (DOJ) of violating federal laws intended to safeguard customers and causing harm to them. To find out what the complaint alleges, read on.

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Netflix launches it’s own line of popcorn

Netflix has revealed that "Netflix Now Popping" popcorn is their own brand of popcorn that they will be selling. They are available in two flavors that seem like they belong in a movie: "Swoonworthy Cinnamon Kettle Corn" for individuals who have a sweet tooth, and "Cult Classic Cheddar Kettle Corn" for cheese aficionados.

Google launches the Gemini app in nine regional languages in India

With the debut of the Gemini app in India, Google is now offering support for nine Indian languages in addition to English. The purpose of the app is to increase users' access to the AI assistant within the nation. Hindi, Bengali, Gujarati, Kannada, Malayalam, Marathi, Tamil, Telugu, and Urdu are now supported by Gemini. When using AI on the fly, users can speak, text, or attach an image. See what more Gemini is capable of by reading on.

Apple hits pause on new AI features in Europe

It looks like European Apple buyers will have to wait a little while longer to see some amazing new iPhone tricks. The tech behemoth declared on Friday that it will not be releasing the three new features—including Apple Intelligence—in the EU this year. Why? It's all a result of DMA. See what Apple and the EU have to say about this by reading on.

Apple is discontinuing Pay Later

Apple Pay Later, a buy now, pay later service, is closing, as the company has announced. Later this year, a new worldwide installment loan option will be unveiled in its place. With the help of this new function, Apple Pay customers will be able to access lenders and credit and debit card installment loans. Discover what went wrong with Apple's Pay Later program by reading on.

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Indian Realme releases the GT6

In India, Realme unveiled the GT6, the second phone in the GT6 series. The phone has three 50MP cameras, a 6.78-inch 1.5K 8T LTPO AMOLED screen, and a Snapdragon 8s Gen 3 processor. The cost of the Realme GT6 starts at Rs 40,999. Learn more about the latest phone from Realme.

Launch of the Motorola Edge 50 Ultra in India

In India, Motorola introduced the Edge 50 Ultra. The phone has a 50MP triple camera configuration, 6.7-inch 1.5K 144Hz pOLED, and a Snapdragon 8s Gen 3 processor. The cost of the Motorola Edge 50 Ultra is Rs. 59,999. Get all the details on the Edge 50 Ultra by reading on.

2024-06-23T11:43:32Z dg43tfdfdgfd