Jakarta – Termination storm (layoffs) has not subsided. Most recently, Singapore-based job search platform startup Glints decided to reduce the number of its employees. Reportedly, the company laid off 18% or as many as 198 employees. This step was taken considering market conditions. Glints’ layoffs add to the long list of companies that have made … Read more
Ramesh “Sunny” Balwani, former chief operating officer of Theranos, who promised to revolutionize blood testing, was sentenced to almost 13 years in prison on Wednesday. Or even more than his former companion Elizabeth Holmes, the founder of the fallen Californian start-up. Tried in a separate trial, Mr. Balwani was found guilty in July on all … Read more
Jakarta – Termination storm (layoffs) continues to hit a number of Indonesian companies. In recent times, it has been noted that a number of companies have made layoffs. The storm of layoffs mostly hit a number of companies startup small to decacorn like GoTo. The latest, start-up companies in the field e-grocery, Sayurbox has laid … Read more
Merdeka.com – Immersive technology startup, Aruvana, announced a partnership to develop a post-stroke therapy product, VINERA (Virtual Neuro Engineering and Restoration) with PT Medika Brain Sejahtera. The presence of this product is intended to accelerate the expansion of post-stroke therapy solutions using Virtual Reality (VR) technology. VINERA is the first VR technology-based application in Indonesia … Read more
Docket — a search, management and pre-analysis startup for legal documents — has just raised BRL 110 million in a round led by Gerdau Ventures and Inovabra, Bradesco’s venture capital arm. The company will use the resources to continue growing while seeking to gain operational efficiency. “We want to get to breakeven in 2024 with … Read more
Three years ago, two men in Kempten founded Numbat, a startup that makes fast charging stations with battery storage. Today they negotiate deals with the largest trading companies in Germany. The founders of Numbat, Maximilian Wegener (left) and Martin Schall. The picture was taken at the celebration of the last round of financing. It counts … Read more
JAKARTA, KOMPAS.com – Towards the end of 2022, the storm of layoffs (PHK) especially among technology companies has not seemed to subside. Throughout the year, there were at least 17 technology companies in Indonesia that streamlined their work teams with bandages of action Mass layoffs. Most recently, the investment platform Ajaib laid off 67 of … Read more
Jakarta, CNBC Indonesia – Startup company or startup known to offer high salaries to its employees. But recently one of the founders of a technology company revealed that the fantastic salary is actually an extraordinary burden for the company. It has even been cited as one of the reasons for mass layoffs (PHK) by many … Read more
In partnership with the American Embassy, His Excellency Mr. Puneet Talwar, American Ambassador to Morocco, honored the closing ceremony and presented certificates to participants. OPEN STARTUP (OST) is an NGO that provides a regional platform for innovation and capacity building through entrepreneurship, education and cross-cultural exchange, building communities and connecting ecosystems in the MEA region. … Read more
Skills shortage is a threat. To counteract this, companies are relying on the potential of digitization. Are augmented reality glasses the solution? The shortage of skilled workers has the economy firmly in a stranglehold – not only in Switzerland, but throughout Europe. As a result, companies find it difficult to fill their vacancies, which creates … Read more