Stephen Morris Nov 28, 2023 5.28pm London | Barclays is exploring a plan to drop thousands of clients at its investment bank as part of a strategic overhaul that is meant to boost profits and cut 1 billion ($1.9 billion) of costs. Barclays executives have met several times this year to thrash out the restructuring,…
NEW DELHI: Top level exits at troubled edtech startup Byju’s continue. The firm’s chief technology officer (CTO) Anil Goel is leaving the company after three years, amid a broad restructuring process that India CEO Arjun Mohan is spearheading.In a statement on Monday, the firm said Jiny Thattil has been elevated as the new CTO. Thattil…
Private Media has been hit with redundancies with the Crikey publisher explaining the restructuring was related to a tough economic climate and falling revenue, according to reports. According to an internal document sourced by The Australian, Private Media CEO Will Hayward announced eight redundancies three in editorial and five non-editorial as the result of a…
The Restructuring Effective Date in relation to Atento’s financial restructuring implemented through a UK restructuring plan has occurred following approval by its creditors and the sanction of the English Court. Following the successful funding of the Exit Financing, the Company enters a new phase with a strong focus on technology investment to further enhance CX services, along…
/ Parent company ByteDance is restructuring its gaming subsidiary following a recent review, with employees being given until December to keep working on unreleased titles. a:hover]:text-black [&a:hover]:shadow-underline-black dark:[&a:hover]:text-gray-e9 dark:[&a:hover]:shadow-underline-gray-63 [&a]:shadow-underline-gray-13 dark:[&a]:shadow-underline-gray-63″ByteDance has not confirmed how many employees will be affected by the restructuring.
TikTok maker ByteDance is restructuring its video game business to deliver “long-term strategic growth.” Reuters is reporting the Chinese company plans to shut down its Nuverse gaming brand and exit the mainstream game market. Nuverse is the parent company of studios including Mobile Legends: Bang Bang developer Moonton and Houchi Shoujo maker C4Games. It has…
ByteDance, the parent firm of popular short video platform TikTok, is retreating from the gaming business by cutting jobs and units, the Internet giant said on Monday, following weekend rumors that the Beijing-headquartered company would shut down its whole games division. “Following a recent (regular business) review, we’ve made the difficult decision to restructure our…
Think & Learn, the parent company of Byjus, has elevated Jiny Thattil as its Chief Technology Officer. He takes over from Anil Goel, who is leaving the edtech company after three years as CTO. Thattil, who has been serving as Senior Vice President, Engineering at Byjus, brings extensive experience in building and scaling engineering teams.…
SHANGHAI, Nov 27 (Reuters) – Chinese tech giant Alibaba (9988.HK) has cut a quantum computing laboratory and team from its research arm, donating both the lab and related experimental equipment to Zhejiang University, the company said on Monday. A spokesperson for Alibaba’s DAMO Academy, Alibaba’s in-house research initiative which included the lab, said the academy…
ByteDance’s gaming ambition has been an expensive, short-lived pursuit. In late 2021, the TikTok parent’s plans for video games came into the spotlight after it became one of the firm’s six core business units, posing a new threat to incumbents such as Tencent and NetEase and rising star MiHoYo. Nonetheless, after two years of tepid…