Restructuring Of Companies
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'Released' 6,000 People, Layoff Numbers In Circulation Exaggerated: TCS
India's largest IT services company TCS on Thursday said it has "released" one per cent or 6,000 people from workforce as part of a restructuring exercise it had initiated.
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Google Turns 27: The Journey From A Garage Startup To A Global Tech Giant
In 2015, it restructured under the parent company Alphabet Inc., expanding into new areas like AI, cloud computing, and autonomous vehicles, becoming an essential part of daily life worldwide.
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Meta Reportedly Freezes Hiring in AI Division Amid Restructuring of Superintelligence Labs
Meta has reportedly frozen hiring in its newly created artificial intelligence (AI) division. As per the report, the Menlo Park-based tech giant is no longer pursuing AI researchers and engineers from rival companies or looking to reverse-acquihire staff from smaller startups working with the technology anymore. While the reason behind the move was...
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Meta Is Reportedly Restructuring Its AI Division Again to Create Four Specialised Groups
Meta is reportedly restructuring its artificial intelligence (AI) division again, after recently establishing the Superintelligence Labs. As per the report, the new reorganisation will divide the division into four specialised groups, with each tasked with developing a specific area. Alongside the restructuring, the Menlo Park-based tech giant is r...
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Meta Reportedly Plans to Make Job Applicants Use AI Tools While Taking Coding Tests
Meta is reportedly planning a new job interview format where the shortlisted candidates will be asked to use artificial intelligence (AI) for their coding tests. As per the report, the new restructuring in the hiring process is part of the company’s growing ambitions in the AI space.
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Layoffs in 2025: HP, Intel, Meta, Microsoft, Ola and More Fire Over 75,000 Staffers; AI the Main Culprit
Layoffs in tech never really stopped in the post-pandemic world. Since the end of 2021, tech companies have been laying off employees in large numbers. Unfortunately, 2025 was also not different, as tech giants such as Intel, Microsoft, Meta, and Salesforce made headlines for their mass layoffs.
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Meta CEO Mark Zuckerberg Reportedly Restructures AI Division, Creates Meta Superintelligence Labs
Meta Superintelligence Labs (MSL) was reportedly created by the company CEO, Mark Zuckerberg, on Monday. As per multiple reports, the new group was created as a part of the restructuring of the existing Meta AI division. The MSL group is now said to be heading the division with a focus on developing the next generation of large language models (LLM...
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Meta Superintelligence Labs: Zuckerberg Announces New Group For AI Projects
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg announced a major restructuring of the company's artificial intelligence group, including a commitment to developing AI "superintelligence,".
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Tech Giants Like Microsoft, Google, IBM Slash Thousands Of Jobs In 2025 Amid Restructuring, AI Integration
Tech Companies Layoffs: Major tech companies are cutting thousands of jobs in 2025, driven by economic factors and the increasing integration of AI, which is reshaping roles.
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OpenAI Executives Said to Be Weighing Antitrust Accusation Against Microsoft
OpenAI executives have reportedly considered accusing Microsoft of anticompetitive behavior in their partnership. OpenAI's effort could involve seeking a federal regulatory review of the terms of its contract with Microsoft for potential violations of antitrust law, as well as a public campaign.
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WazirX Parent Zettai Urges Singapore Court to Review WazirX Restructuring, Extend Moratorium
Zettai, the parent company of crypto exchange WazirX, has approached the Singapore High Court seeking a reassessment of its financial restructuring plan. The filing also requests an extension of the ongoing moratorium, which has protected both Zettai and WazirX from creditor lawsuits while the company works on its reimbursement strategy.
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TikTok Shop US Employees Told to Work From Home Amid Layoff Fears. Read Full Memo
The move is part of a restructuring of its operations as the company is facing immense regulatory pressures and business challenges in the US.
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WazirX Tells Creditors to Approve Restructuring Scheme or Wait Till 2030 for Refunds
WazirX said if a majority of creditors vote against the scheme, they could have to wait for up to five years to get compensated for the funds they lost in the July 2024 hack. A company spokesperson told Gadgets 360 that the exchange plans to start the voting process by the end of February or early March.
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Freshworks Announces 13% Workforce Reduction In Strategic Restructuring
Dennis Woodside, CEO of Freshworks, announced the company's decision to reduce its workforce by 13 per cent, impacting around 660 employees.
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OpenAI Said to Be Working to Remove Non-Profit Control and Give Sam Altman Equity
OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation. Chief executive Sam Altman will also receive equity for the first time in the for-profit company, which could be worth $150 billion (roughly Rs. 12,55,438 crore) after the restructuring as it also tries to remove the cap on returns for investors, sou...
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'Released' 6,000 People, Layoff Numbers In Circulation Exaggerated: TCS
India's largest IT services company TCS on Thursday said it has "released" one per cent or 6,000 people from workforce as part of a restructuring exercise it had initiated.
-
Google Turns 27: The Journey From A Garage Startup To A Global Tech Giant
In 2015, it restructured under the parent company Alphabet Inc., expanding into new areas like AI, cloud computing, and autonomous vehicles, becoming an essential part of daily life worldwide.
-
Meta Reportedly Freezes Hiring in AI Division Amid Restructuring of Superintelligence Labs
Meta has reportedly frozen hiring in its newly created artificial intelligence (AI) division. As per the report, the Menlo Park-based tech giant is no longer pursuing AI researchers and engineers from rival companies or looking to reverse-acquihire staff from smaller startups working with the technology anymore. While the reason behind the move was...
-
Meta Is Reportedly Restructuring Its AI Division Again to Create Four Specialised Groups
Meta is reportedly restructuring its artificial intelligence (AI) division again, after recently establishing the Superintelligence Labs. As per the report, the new reorganisation will divide the division into four specialised groups, with each tasked with developing a specific area. Alongside the restructuring, the Menlo Park-based tech giant is r...
-
Meta Reportedly Plans to Make Job Applicants Use AI Tools While Taking Coding Tests
Meta is reportedly planning a new job interview format where the shortlisted candidates will be asked to use artificial intelligence (AI) for their coding tests. As per the report, the new restructuring in the hiring process is part of the company’s growing ambitions in the AI space.
-
Layoffs in 2025: HP, Intel, Meta, Microsoft, Ola and More Fire Over 75,000 Staffers; AI the Main Culprit
Layoffs in tech never really stopped in the post-pandemic world. Since the end of 2021, tech companies have been laying off employees in large numbers. Unfortunately, 2025 was also not different, as tech giants such as Intel, Microsoft, Meta, and Salesforce made headlines for their mass layoffs.
-
Meta CEO Mark Zuckerberg Reportedly Restructures AI Division, Creates Meta Superintelligence Labs
Meta Superintelligence Labs (MSL) was reportedly created by the company CEO, Mark Zuckerberg, on Monday. As per multiple reports, the new group was created as a part of the restructuring of the existing Meta AI division. The MSL group is now said to be heading the division with a focus on developing the next generation of large language models (LLM...
-
Meta Superintelligence Labs: Zuckerberg Announces New Group For AI Projects
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg announced a major restructuring of the company's artificial intelligence group, including a commitment to developing AI "superintelligence,".
-
Tech Giants Like Microsoft, Google, IBM Slash Thousands Of Jobs In 2025 Amid Restructuring, AI Integration
Tech Companies Layoffs: Major tech companies are cutting thousands of jobs in 2025, driven by economic factors and the increasing integration of AI, which is reshaping roles.
-
OpenAI Executives Said to Be Weighing Antitrust Accusation Against Microsoft
OpenAI executives have reportedly considered accusing Microsoft of anticompetitive behavior in their partnership. OpenAI's effort could involve seeking a federal regulatory review of the terms of its contract with Microsoft for potential violations of antitrust law, as well as a public campaign.
-
WazirX Parent Zettai Urges Singapore Court to Review WazirX Restructuring, Extend Moratorium
Zettai, the parent company of crypto exchange WazirX, has approached the Singapore High Court seeking a reassessment of its financial restructuring plan. The filing also requests an extension of the ongoing moratorium, which has protected both Zettai and WazirX from creditor lawsuits while the company works on its reimbursement strategy.
-
TikTok Shop US Employees Told to Work From Home Amid Layoff Fears. Read Full Memo
The move is part of a restructuring of its operations as the company is facing immense regulatory pressures and business challenges in the US.
-
WazirX Tells Creditors to Approve Restructuring Scheme or Wait Till 2030 for Refunds
WazirX said if a majority of creditors vote against the scheme, they could have to wait for up to five years to get compensated for the funds they lost in the July 2024 hack. A company spokesperson told Gadgets 360 that the exchange plans to start the voting process by the end of February or early March.
-
Freshworks Announces 13% Workforce Reduction In Strategic Restructuring
Dennis Woodside, CEO of Freshworks, announced the company's decision to reduce its workforce by 13 per cent, impacting around 660 employees.
-
OpenAI Said to Be Working to Remove Non-Profit Control and Give Sam Altman Equity
OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation. Chief executive Sam Altman will also receive equity for the first time in the for-profit company, which could be worth $150 billion (roughly Rs. 12,55,438 crore) after the restructuring as it also tries to remove the cap on returns for investors, sou...
