Jyoti Bansal, the 46-year-old founder of computer application company AppDynamics sold his firm to Cisco for $3.7 billion in 2017. The deal made hundreds of the startup’s employees millionaires. In an interview with CNBC Make It’s The Moment series, Bansal reflected on the complex emotions surrounding AppDynamics’ sale – from the challenging deliberation process to…
Have you ever wondered why tech giants like Apple, Intel, Cisco, and IBM are joining the wave of layoffs? The recent spate of job cuts in the global tech segment, totaling to a staggering 27,000 in the month of August alone, has sent shockwaves through the IT sector, raising a pressing question in the mind…
Tech companies continued to cut jobs at a rapid pace in August 2024. More than 27,000 workers in the industry lost their jobs as big tech companies like Intel, IBM, Cisco, and even smaller startups, comprising a total of over 40 companies announced layoffs. So far in 2024, over 136,000 tech workers have been laid…
Indian companies manufacturing telecom equipment are lobbying the government to curb imports from China, according to a report in the Economic Times. These domestic players, including big names like TCS, Tejas Networks, and STL, argue that such imports contradict the spirit of the “Atmanirbhar Bharat” (self-reliant India) initiative and stifle their own growth.The Voice of…
