India lo kuda layoff started

[sattipandu]

57 minutes ago, TOM_BHAYYA said:

Thupuk.. aaayane undunte okka IT job kuda poyundedhi kadhu

@jaglaqq

[jaglaqq]

3 minutes ago, sattipandu said:

@jaglaqq

Number of new companies vacchndedhi so equalize ayyedhi. Mee Paytm langa gorrelaki vere vaala srama ni dobbi tindam thappa vere yem vacchu

[tom bhayya]

32 minutes ago, TOM_BHAYYA said:

Is that because of SoftBank issue ?

Japanese multinational conglomerate SoftBank, with $13 Bn left in its corpus for the SoftBank Vision Fund, has been in talks with 15-20 companies to strike new deals in India. Rajeev Misra, CEO of SoftBank Vision Fund, said that the Japanese investor is on the lookout to strike new deals “at the right valuation”. He assured that SoftBank will reveal the deals in the upcoming three months.

“SoftBank Vision Fund I and II are both interested in buying secondary positions from early-stage investors who are wanting to exit as their fund lives come to an end. Next three months, we will announce deals as currently, we are in mid-stages of talking to 15-20 companies for both secondary and primary investments…” Misra added.

In an interview with Economic Times, Misra also agreed that portfolio company Paytm, which is a digital payments platform, might face an impact due to the recently announced Jio-Facebook deal. He elaborated that the deal will allow Facebook to push WhatsApp Payments to go fully live through Reliance’s ecommerce platform, JioMart. Misra noted that even though the Jio-Facebook deal will be a “formidable” competitor, Paytm has always been in competition with Google Pay and Walmart-owned Phone Pe.

Misra statement comes at a time when two developments have taken place in this regard. First, media reports suggest that Paytm has been in talks with Microsoft to raise capital. Second, WhatsApp Pay has assured the National Payments Corporation of India (NPCI) that it will be compliant with all local data protection and storage regulations by May, paving a path for its complete roll out in India.

Meanwhile, another SoftBank portfolio company, hotel and hospitality firm OYO, has seen revenues plummet by up to 60% and the company’s balance sheet has come under severe stress. This has forced OYO to send employees on furloughs, salary deductions and suspend hotel partners. To help OYO out of this crisis, SoftBank’s Masayoshi Son has guaranteed a $2 Bn debt to the company.

 

Meanwhile, Misra added that SoftBank has also infused close to $5 Bn in its SoftBank Vision Fund II as the company was unable to get capital commitment from external sponsors or limited partners after the WeWork Debacle and other high-valuation startups. He noted that SoftBank has already spent $3 Bn out of the money the conglomerate had infused into the fund and is willing to add more.

“We have multiple promising companies right now, Bytedance, food delivery players like Ele.me and Doordash, Coupang in Korea and Policybazaar, Delhivery and Grofers. We are also convinced that because of Covid-19, the shift to technology will be more rapid…” Misra said.

[Jaggalol]

51 minutes ago, jaglaqq said:

Number of new companies vacchndedhi so equalize ayyedhi. Mee Paytm langa gorrelaki vere vaala srama ni dobbi tindam thappa vere yem vacchu

Rey fake saley @Paidithalli ga em @kukka_bathuku Ra needi gajji kukka thuuu

[Jaggalol]

53 minutes ago, jaglaqq said:

Number of new companies vacchndedhi so equalize ayyedhi. Mee Paytm langa gorrelaki vere vaala srama ni dobbi tindam thappa vere yem vacchu

siggu lajja anedi leni bathuku ra neeedi @paidithalilunchvodka aka @@jesse_bad @jesse_bb  @jessee_bb @jessee_bb @jaglaq @jaglaqq @gacchibowliChandu  em daridrapu bathuku ra needi @Paidithalli ga

[jaglaqq]

1 minute ago, Jaggalol said:

Rey fake saley @Paidithalli ga em @kukka_bathuku Ra needi gajji kukka thuuu

Rey @ARYA gaa nee labour baasha thelusthondhi. Vere thread lo reaction ikkada isthunnava 

[Jaggalol]

Just now, jaglaqq said:

Rey @ARYA gaa nee labour baasha thelusthondhi. Vere thread lo reaction ikkada isthunnava 

siggu lajja anedi leni bathuku ra neeedi @paidithalilunchvodka aka @@jesse_bad @jesse_bb  @jessee_bb @jessee_bb @jaglaq @jaglaqq @gacchibowliChandu  em daridrapu bathuku ra needi @Paidithalli ga

[Jaggalol]

Just now, jaglaqq said:

Rey @ARYA gaa nee labour baasha thelusthondhi. Vere thread lo reaction ikkada isthunnava 

Arya gadu ne moguda bey adni kalvaristunnav  siggu lajja anedi leni bathuku ra neeedi @paidithalilunchvodka aka @@jesse_bad @jesse_bb  @jessee_bb @jessee_bb @jaglaq @jaglaqq @gacchibowliChandu  em daridrapu bathuku ra needi @Paidithalli ga