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Rapido posts Rs 675 cr in losses in FY23, revenue up 3X

New Delhi, Jan 14 (IANS) Bike-taxi startup Rapido saw its losses surge nearly 54 per cent in the last fiscal year (FY23) to Rs 675 crore, from Rs 439 crore in FY22.An increase in riders’ cost, IT and employee benefits were behind Rapido’s…

Global IT firm Veeam Software lays off 300 employees

San Francisco, Jan 14 (IANS) Global data management solutions provider Veeam Software has reportedly laid off 300 employees. The workforce reduction came after Veeam let go 200 workers in a separate round of layoffs last year.In a post on…