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News on Medial
Collins Aerospace Announces Fresh Wave of Layoffs Across Major Facilities
StartupTalky
·
1m ago
Medial
Collins Aerospace has announced layoffs affecting 131 workers across its Cedar Rapids and Decorah facilities. This move is part of an organizational restructuring aimed at better meeting customer needs. Employees were informed of the decision on June 12, with the layoffs effective from July 18. This step is reflective of broader industry constraints within the aerospace sector. While the company remains a major employer in Iowa, these changes could have significant local economic impacts.
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Collins Aerospace invests $25 million for testing lab in Bengaluru
Economic Times
·
5m ago
Medial
Collins Aerospace, an RTX group company, has invested $25 million in a new engineering development and test center in Bengaluru, marking its largest facility outside the US. The 50,000 sq ft lab focused on product development, testing, and certification of aeronautic components, locally. This investment enhances Collins' capacity to conduct comprehensive tests on aerospace systems, speeding up adjustments, improving design, and reducing costs while supporting India’s ‘Make in India’ initiatives and increasing workforce expansion.
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A comprehensive list of 2024 tech layoffs | TechCrunch
TechCrunch
·
7m ago
Medial
The tech industry has seen a persistent wave of layoffs in 2024, following cuts in prior years. Over 130,000 jobs have been eliminated across 457 companies, including major players like Tesla, Amazon, Google, Microsoft, and TikTok. Many smaller startups have also experienced layoffs or shut down. This downtrend reflects tech companies' increased focus on AI and automation, impacting jobs once considered safe. These layoffs highlight the human cost amidst the ongoing push for innovation.
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One of NASA’s new spacesuits passes microgravity test
The Verge
·
1y ago
Medial
Collins Aerospace has successfully tested its spacesuit prototype during a commercial microgravity flight, marking an important step towards critical design review. The suit, developed for use outside the International Space Station, is lighter, has less volume, and offers greater flexibility in terms of modifications and fitting a wider range of body types compared to current NASA spacesuits. The test involved performing demonstrations in zero gravity conditions onboard an aircraft, including navigating through doors. Collins Aerospace was hired by NASA in 2022 to design new spacesuits after years of unsuccessful attempts by the agency.
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RTX aims to boost India headcount by 14% in 3 years, execs say
Livemint
·
7m ago
Medial
U.S. aerospace and defense company, RTX Corp, plans to hire an additional 1,000 engineers and data scientists in India by 2027. The company aims to bolster its workforce to support its global operations. The new positions will be spread across RTX's units, with around 300 engineers being employed by Pratt & Whitney over the next 12-18 months, and 700 at Collins Aerospace over the next three years. India's GCC market size is projected to reach $99-105 billion by fiscal 2030, indicating the country's growing importance as a talent hub for the aerospace and defense industry.
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A comprehensive list of 2023 & 2024 tech layoffs
TechCrunch
·
1y ago
Medial
The tech industry has experienced a wave of layoffs in 2023 and 2024, affecting both major companies and startups. Layoffs were seen at Google, Amazon, Microsoft, and other well-known tech giants, as well as smaller players in the industry. The layoffs were driven by a combination of market pressures, slow growth, and a shift in focus towards efficiency. The impact of these layoffs on innovation and the availability of talent in the industry remains to be seen.
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Sensor Tower Announces Layoffs and Executives Departure
Robots
·
1y ago
Medial
Sensor Tower, a prominent app analytics and market intelligence firm, recently conducted layoffs affecting about 40 employees, including key executives. The layoffs are part of a broader corporate restructuring initiative. While the specifics were not disclosed, the company aims to maintain growth and profitability. Sensor Tower provides valuable insights to its extensive client base, including major brands and enterprises, despite the recent changes. The company's data is frequently referenced by notable publications.
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No, the great tech layoffs of 2023 aren’t happening again
Wired
·
1y ago
Medial
Tech companies like Amazon, Google, Duolingo, and Twitch have recently announced job cuts, but experts suggest that these layoffs may not indicate a continuing decline in the tech industry. Unlike the large-scale layoffs seen in previous years, these cuts are more targeted and focused on specific departments and products. The tech sector as a whole remains healthy, with stable consumer habits after the pandemic. While smaller job cuts may continue, experts do not foresee a widespread wave of layoffs across the industry.
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Google staff sound off about 'corporate overlords,' impersonal layoffs, and a changing company culture, report says
Business Insider
·
1y ago
Medial
Google employees have recently experienced another round of layoffs, leaving some feeling disgruntled. The job cuts, which affected staff working on Google Assistant, Fitbi, and the devices and services teams, were not addressed internally by CEO Sundar Pichai. Employees have expressed their frustrations on Google's internal meme board, criticizing management as "corporate overlords." The layoffs were described as impersonal, with one engineering director indicating that the company's culture had changed significantly since the last major round of job cuts. Google had previously cut 12,000 employees in January 2023, and the new wave of layoffs reflects a broader trend in the tech industry.
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Rangsons Aerospace raises Rs 300 Cr led by ValueQuest
Entrackr
·
4m ago
Medial
Rangsons Aerospace, a product technology firm for aerospace, defense and homeland security, has raised Rs 300 crore ($36.5 million) led by ValueQuest Investment Advisors and had Anand Rathi Advisors as the financial advisor for the transaction. The proceeds will be used to produce products and solutions for the commercial and military aviation markets globally, and drive growth into new business areas through strategic acquisitions. Rangsons Aerospace is part of NR Group, a business group based in Mysore. It has three facilities across Bangalore and Mysore. Its product lines include satellite communications systems, airborne thermal management, and fluid distribution solutions. Rangsons is a tier I partner to global aerospace majors such as Boeing, GE, and Honeywell, among others. It also supplies several critical systems to Indian majors such as ISRO, Indian Navy, HAL and others.
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Zepto eyes large orders with dark store expansion
Livemint
·
1y ago
Medial
Quick-commerce company Zepto is planning to establish larger dark stores to accommodate a wider range of products. The move comes as the online grocery platform aims to expand into non-grocery delivery and attract investors. These bigger storage facilities will act as hubs for delivering high-value items like electronics, appliances, and luxury goods within minutes. Zepto currently operates around 250 dark stores across major cities in India. The company's revenue grew significantly in FY23, but it also faced widening losses. Zepto is now looking to raise fresh funds ahead of a potential public listing in 2026.
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