Twitter to start layoffs on Friday, reveals internal mail

Twitter said its offices will be temporarily closed and all badge access will be suspended in order "to help ensure the safety of each employee as well as Twitter systems and customer data".

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Twitter to start layoffs today: Internal email

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Lyft to lay off 683 employees in cost-cutting push

Lyft's latest move is expected to result in a charge of between $27 million and $32 million in the fourth quarter. It follows 60 job cuts earlier this year and a hiring freeze in September.

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Google-Facebook duopoly in digital Ad market continues

A good indicator of Google and Facebook's dominance in attracting marketers to their platforms is the equalisation levy the two companies pay the tax authorities in the country. The two majors combined paid Rs 2,277 crore out of the total Rs 3,900 crore that the revenue department collected in FY22 as equalisation levy, accounting for nearly 58.4% of the total.

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Apple to keep Qualcomm chips in 2023 in turnabout

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Firms divided on UPI market share cap; tax officials and CAs caution moonlighters

Market leaders PhonePe and Google Pay are seeking an extension while Paytm wants the rules to take effect “as per the timeline”. Officials told us the government is monitoring the situation but won’t intervene.

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Elon Musk plans to eliminate half of Twitter jobs to cut costs

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D2C startup The Sleep Company raises $21.3 million in round led by Premji Invest

Direct-to-consumer sleep-tech startup, The Sleep Company, has raised Rs 177 crore, led by Premji Invest who now owns roughly 15%-20% stake in the startup, sources aware of the deal told ET.

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Google India posts 55.7% jump in FY22 gross ad sales at Rs 24,926.5 crore

Net revenue from operations Rs 9,286 crore; net profit Rs 1,238.9 crore

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Shareholder rights firms file class action suits against Freshworks

Litigation firms Scott + Scott Attorneys and The Schall Law firm said they have filed securities class action suits against Nasdaq-listed product software company Freshworks.

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Freshworks Q3 revenue beats estimate, jumps 37% amid tightening macro conditions

Freshworks beat analyst estimates to report $128 million in revenue in the quarter-ended September 30, and held its annual guidance at $494-496 million, even as losses touched $3.1 million, up from $1.5 million last year

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