Business

After mass layoffs, CEO Sundar Pichai to take salary cut

During a recent town hall meeting, Alphabet CEO Sundar Pichai revealed plans for a significant reduction in annual bonuses for all positions above the senior vice president level within the company. While specifics regarding Pichai's salary adjustment were not explicitly mentioned, it is anticipated that he will also experience a reduction in compensation, given that his earnings are closely tied to the overall performance...

Global aviation organisation ICAO rejects Spicejet’s audit story

New Delhi: Following SpiceJet's recent claim regarding the strength of its safety processes after an audit by the International Civil Aviation Organisation (ICAO), the UN's civil aviation agency clarified that visits to operators are not considered audits. In a tweet on December 13, William Raillant-Clark, Communications Officer at ICAO, stated, "ICAO's Universal Safety Oversight Audit Programme (USOAP) team performed an ICAO Coordinated Validation Mission (ICVM)...

US announces fusion tech clean energy breakthrough for warming world

New York: The United States has unveiled a groundbreaking achievement in clean energy technology, heralding a potential transformation in global power generation. The breakthrough...

Third of global economy will be in recession this year: IMF

IMF Managing Director Kristalina Georgieva has issued a stark warning, predicting that a third of the global economy will slip into recession in the...

Goldman Sachs to cut about 3,200 jobs after cost review

According to reports from undisclosed sources, Goldman Sachs Group is set to commence a significant round of layoffs across the company this week in...