HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.
Postman, a Bengaluru and San Francisco-based SaaS startup that offers a platform for developers or enterprise to build, test, and debug their APIs, announced that it is in advanced talks with Insight Partners, a New York-based investment fund, to raise around $150 million at a valuation of $2 billion, two people in the know of…
Wipro Limited, a global information technology, consulting and business process services company, announced a collaboration with IBM to assist Wipro customers embark on a seamless and secure hybrid cloud journey. The company said that the alliance will help Wipro in developing hybrid cloud offerings that can support businesses migrate, manage and transform mission-critical workloads and…
US-based social news website, Reddit’s co-founder Alexis Ohanian recently announced that he will step down from the company’s board. He further expressed his desire that the company replace him with a candidate from the black community showing support for the ongoing protests in the US over racial inequality. Ohanian is married to seven-time Wimbledon champion…
Indian multinational conglomerate Larsen & Toubro (L&T) recently announced that its board has given nod for the reappointment of AM Naik as the company’s Non-Executive Chairman for a period of three years starting October 1,2020. Naik’s present tenure was scheduled to end on September 30, according to a company regulatory filing. Meanwhile, the board also…
Canadian airplane and train manufacturer, Bombardier Inc recently announced that it would cut about 2,500 jobs or 11% of its aviation workforce. According to a Reuters report, the recent decision by the company is a direct result of the pandemic impacting the airline industry. The aviation industry has been among the worst hit by the…
Gulf-based air carriers Emirates and Etihad have recently said that they are extending the period of reduced pay for employees till September as both the companies attempt to save cash amid the coronavirus crisis. Both the companies have during the lockdown operated a limited number of flights, mostly outbound services from the UAE. The airlines…
Nevro Corp, a global medical device company that is providing innovative, evidence-based solutions for the treatment of chronic pain, announced the appointment of Roderick MacLeod as Chief Financial Officer, effective June 15, 2020, with global responsibility for Finance, IT and Customer Service. MacLeod succeeds Andrew Galligan, who is retiring but will remain with the Company…
Mohr Partners, a US-based global real estate advisory firm, announced that it has hired Matt Smoot as Managing Director for the company headquartered in Dallas, TX. Matt has over 15 years’ experience specializing in a wide range of tenant advisory services. Matt began his real estate career at Mohr Partners, hired as a senior associate…
Yatra Online, India’s leading online travel company, announced that it has provided notice of termination of its pending Merger Agreement with Ebix, Inc. and filed litigation in the Court of Chancery of the State of Delaware over Ebix’s breaches of the Merger Agreement. Last year, Ebix, a US-based software firm, had agreed to buy Yatra…
Cognizant announced that it has completed the previously announced acquisition of the French operations of EI-Technologies, a Paris-based digital technology consulting firm and leading independent Salesforce specialist in France. The company said that EI-Technologies’ more than 300 employees in France will now join Cognizant, complementing its global Salesforce practice and expanding client resources in Europe.…
India’s once household bicycle brand, Atlas Cycles recently announced that it has laid off about 700 employees as the company closes its last manufacturing unit in Delhi-NCR due to the lack of capital to run operations. However, company Chief Executive Officer NP Singh Rana claimed that the shutdown is temporary and the operations will be…
Infibeam Avenues Ltd, a Gujarat-based digital payments and e-commerce company that provides a comprehensive suite of web services spanning digital payment solutions, data centre infrastructure and software platforms, announced the acquisition of Cardpay Technologies Pvt. Ltd, a corporate credit card issuing firm, according to a VCCircle report. The company said that the acquisition will help…
Reltio, a California-based software as a service (SaaS) company helping innovative Global 2000 companies win in the experience economy, announced the appointment of Matt Gallatin as Chief Financial Officer. In his new role, Gallatin will oversee the company’s financial controls and play an integral role in helping shape the strategic direction of the company. Gallatin…
Athira Pharma, a US-based clinical-stage company developing innovative first-in-class regenerative therapies with the potential to restore brain function, announced the closing of a $85 million Series B financing led by Perceptive Advisors. Other investors that took part in the funding round include RTW Investments, Viking Global Investors, Venrock Healthcare Capital Partners, Franklin Templeton, Rock Springs…
Simplilearn, a San Francisco and Bangalore-based global digital skills training provider, announced its partnership with Deviare, a South Africa-based digital and IT solutions platform. The company has presence in the US, Asia Pacific, Middle East, Europe, and the United Kingdom. The company said that the partnership will offer digital skilling programs in the field of…