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News on Medial
BuzzFeed president Marcela Martin to resign
Reuters
·
1y ago
Medial
BuzzFeed's President, Marcela Martin, has announced her resignation, effective January 12, to pursue other opportunities. The company does not plan to seek a replacement, with the president's responsibilities to be absorbed by the CEO and other executives. Martin's departure follows CFO Felicia DellaFortuna's exit in November but was not due to any disagreement with the company. BuzzFeed, which shuttered its news unit earlier this year, went public in 2021 but struggled to find a sustainable business model amid competition from social media platforms.
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Zepto sees another top-level exit, VP Jitendra Bagga quits
Inshorts
·
7m ago
Medial
Top-level exits at Zepto continue as Jitendra Bagga has quit as the vice-president of central operations after spending nine months at the quick commerce unicorn, Moneycontrol reported. One of the reasons why Bagga left was because he's based in Mumbai and it was reportedly a challenge to relocate to Bengaluru. Recently, HR head Martin Dinesh Gomez also quit Zepto.
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Trump's space budget reflects influence of Elon Musk and SpaceX
Economic Times
·
3m ago
Medial
President Donald Trump's 2026 budget significantly boosts federal spending on space, favoring Elon Musk's SpaceX and potentially benefitting Jeff Bezos' Blue Origin. The plan increases Pentagon funding for a missile defense system and NASA's lunar and Mars missions, aligning with SpaceX's strategies. While boosting SpaceX's opportunities, it also proposes cuts to NASA's current programs involving Boeing and Lockheed Martin, sparking debate over the influence of Musk's ties to the Trump administration.
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Infosys CFO Nilanjan Roy resigns; Jayesh Sanghrajka to take over the role
IndianStartupNews
·
1y ago
Medial
Infosys' Chief Financial Officer, Nilanjan Roy, will be stepping down from his position, and Jayesh Sanghrajka will take over as the CFO, effective April 1, 2024. Roy decided to resign to pursue personal aspirations outside of the company. Sanghrajka, currently the Executive Vice President and Deputy CFO, has over 18 years of experience at Infosys and will lead the finance function. This leadership change comes as Infosys navigates challenges in the macroeconomic environment and adjusts its revenue growth forecast.
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Meta taps Republican Joel Kaplan to lead global policy team, replacing Nick Clegg
Economic Times
·
7m ago
Medial
Meta Platforms has appointed Joel Kaplan as its new chief global affairs officer, succeeding Nick Clegg. Kaplan, a prominent Republican and former deputy chief of staff under George W. Bush, takes over amid Meta's efforts to improve relations with political leaders like President-elect Donald Trump. Kaplan's appointment has faced scrutiny due to accusations of favoring a conservative agenda at Meta. As Kaplan steps up, Kevin Martin will assume his previous role overseeing global policy.
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F-35 fighter jets are world's most advanced and Trump offered them to India. Know its key features, cost
Economic Times
·
1m ago
Medial
The F-35 Lightning II is a 5th-generation stealth multirole combat aircraft offered to India by former US President Donald Trump. Known for its advanced stealth, electronic warfare, and sensor fusion capabilities, the F-35A is the latest US Air Force fighter. Manufactured by Lockheed Martin, the aircraft operates at supersonic speeds with low observability. Its three primary variants cater to different military branches, enhancing its versatility and global integration among NATO allies.
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Report says Paytm asked fired staff to return bonuses, firm denies
Hindustan Times
·
1y ago
Medial
Paytm denied reports saying it's asking fired employees to pay back their joining and retention bonuses, which the startup retrieves if an employee quits within 18 months of joining. Reports also claimed that Paytm asked fired employees to "voluntarily resign" without any prior notice. Some employees reportedly said Paytm's HR team warned them of repercussions for failing to resign voluntarily.
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Investor William Ackman throws weight behind dissidents in Harvard board battle
Livemint
·
1y ago
Medial
Billionaire hedge fund manager William Ackman is supporting a bid by four dissident alumni to join Harvard University's board of overseers. Ackman previously called for the university's president to resign. He criticized Harvard for not doing enough to combat antisemitism and for stifling meritocracy through diversity and inclusion programs. The candidates he is endorsing are seeking to protect free speech, address financial mismanagement, and ensure student safety. They must gather enough signatures from Harvard graduates to qualify for the board election in the spring. Last year, Harvard Forward successfully elected four candidates to the board.
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Tech companies using content without consent: IPA prez Karine Pansa on AI-generated material
Economic Times
·
1y ago
Medial
The International Publishers' Association (IPA) president, Karine Pansa, accuses big technology companies like Microsoft, Meta, and OpenAI of using copyrighted content without permission for AI-generated materials. Pansa urges publishers to raise their concerns and discusses the issue with member countries, including India. Several authors, such as John Grisham and George RR Martin, have filed lawsuits over the use of their text in AI training. Pansa clarifies that she is not against the use of AI but emphasizes the need to respect copyright laws.
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Aston Martin taps Lucid to help develop electric vehicles
TechCrunch
·
2y ago
Medial
Lucid, the U.S. automaker that produces the luxury Air sedan, will supply Aston Martin with powertrain components for future electric vehicles.
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Google's efforts to shrink its workforce in Korea has hit a snag as some employees are refusing to go
Business Insider
·
1y ago
Medial
Google's attempts to downsize its workforce in South Korea are facing resistance from some employees who are refusing to resign. The tech giant, which has around 800 full-time employees in the country, has recommended that some employees resign, but Korean labor law makes it difficult to dismiss workers without just cause. A labor law firm stated that recommended resignation occurs when an employee resigns at an employer's suggestion, but employees often refuse due to the uncertainty and difficulty of finding new employment. Google has been making job cuts globally and has already laid off thousands of employees.
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