As per a report by Tech Crunch, the company has made the decision to cut jobs as part of its phasing-out exercise for OLX automotive,
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-Recruiting 600 highly skilled technology, data and cyber specialists by the end of 2023. -Leveraging the specialist skills and capabilities of people, technology, and data in Knowledge City.
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The sector has witnessed 31% jump in hiring vs May last year
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Axtria plays a crucial role in helping pharma companies make better decisions about drug discovery, patient identification, and offering customized solutions to patients.
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The company had fully planned to launch its initial public offering (IPO) in December last year but postponed it to March due to unfavorable market conditions
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Previous reports in April had already hinted at potential layoffs and the potential closure of the business
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The Swedish company announced that its intention to eliminate roughly 6,000 direct positions and up to 2,000 indirect roles not directly involved in production lines
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The SaaS ecosystem in India and throughout the world is beginning to feel the heat of slowing demand growth ahead of a possible global recession
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