Key Developments in Tech: Zomato, ReshaMandi, and Cisco Layoffs
Current Landscape of Technology Jobs
The tech industry is experiencing a turbulent week as Zomato, ReshaMandi, and Cisco unveil significant layoffs. Cisco Systems announced it would reduce its global workforce by 7%, a decision reflecting ongoing challenges in the industry.
ReshaMandi's Financial Crisis
Amid financial struggles, ReshaMandi is set to shut down operations, leading to widespread layoffs. The startup's situation highlights the risks in the volatile tech space.
Indian PC Market Growth
In contrast, the Indian personal computer market has reported a growth of 7.1% in shipments during Q2 2024, showcasing resilience in technology despite ongoing layoffs at major companies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.