Amazon shake-up to impact up to 1.5k employees in India | Bengaluru News

BENGALURU: Amazon’s ongoing global restructuring extended to its India operations, impacting an estimated 1,000–1,500 employees, sources told TOI. Affected staff reportedly learned about the layoffs through personal email notifications, with access revoked soon after. Employees were invited via Chime meetings to speak with team leaders or HR representatives about their transition. Badge access for impacted…

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At $5 trillion, Nvidia in league of its own; becomes first company to achieve market cap milestone, Huang’s stake rises to $179bn

Nvidia made history on Wednesday as the first company to reach $5 trillion in market value, powered by a stunning rally that has cemented its place at the centre of the global artificial intelligence boom.The milestone underscores the company’s swift transformation from a niche graphics-chip designer into the backbone of the global AI industry, turning…

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Cognizant Q3 revenue rises 7.4% to $5.4bn

BANGALURU: Cognizant reported revenue of $5.4 billion for the Sept quarter, marking a 7.4% year-on-year rise and a 3.2% sequential increase in dollar terms. In constant currency, revenue grew 6.5%, including a 2.5% contribution from inorganic growth. Sequential growth stood at 2.8%. Cognizant’s strong quarterly performance lifted its shares 6.6% in early Nasdaq trading following…

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