On February 8, 2025, Boeing announced the layoff of 400 employees due to NASA’s Artemis program. Cube Highways secured a $725 million deal to acquire road assets. Meta is set to lay off employees while hiring for AI roles, and Zaggle sees a surge in revenue, adjusting its guidance for FY 2025. Religare’s AGM stirred governance concerns with Rashmi Saluja’s actions, while Perplexity AI embraces innovative marketing strategies, and Zomato rebrands for investor transparency.
On February 8, 2025, Boeing announced a significant reduction in workforce, revealing plans to cut 400 jobs within its Space Launch System (SLS) moon rocket program. This decision comes as a response to budgetary changes associated with NASA’s Artemis initiative, which is aimed at returning humans to the Moon. Boeing is concurrently coordinating with its clients to find alternative positions for affected employees.
In other news, Cube Highways Trust has finalized a share purchase agreement to acquire three road assets from NIIF’s Athaang Infrastructure for $725 million. This acquisition highlights the robust global investor interest in the Indian road sector, bolstered by increasing government infrastructure spending.
At the Aero India 2025 event, major players in the aviation sector, including Airbus and Boeing, are anticipating lucrative contracts, reflecting the industry’s swift growth. Concurrently, the International Air Transport Association (IATA) plans to convene its annual general meeting in June in New Delhi.
Meta Platforms is slated to initiate global layoffs beginning February 10, with certain European divisions exempt. Alongside the job cuts, the company will expedite recruitment for machine learning engineers to align with its strategic goals for 2025, according to an internal memo.
Zaggle has raised its fiscal year 2025 revenue guidance to a range of 58-63%, following a significant 69% increase in revenue to ₹336.4 crore in Q3FY25. This surge is attributed to elevated program fees, and Zaggle plans to enhance its AI chatbot offerings to improve customer engagement and maintain profit margins during its growth phase.
During Religare Enterprises’ annual general meeting, Rashmi Saluja obstructed a shareholder vote regarding her re-appointment, asserting her contractual validity until 2027-28. Attempts by independent director PK Tripathi to revive the vote were unsuccessful, raising concerns about corporate governance among shareholders.
In a novel marketing strategy, Perplexity AI’s Aravind Srinivas has opted for a promotional initiative titled ‘Million Dollar Question’ rather than investing in traditional advertising during the Super Bowl. This innovative approach aims to drive user engagement with the AI chatbot.
Lastly, an analysis of Zomato’s rebranding indicates that the new name is intended to provide greater transparency for investors, inspired by strategies employed by tech giants such as Alphabet and Meta. This rename allows Zomato to pursue bolder business ventures while maintaining clarity with stakeholders.
In summary, significant changes are occurring across various sectors, including a workforce reduction at Boeing, a major acquisition by Cube Highways, and layoffs at Meta. Furthermore, companies like Zaggle are experiencing robust financial growth, while Zomato’s rebranding aims to enhance investor relations. These developments reflect the dynamic nature of the business landscape and the strategic pivots being made by companies in response to market conditions.
Original Source: www.livemint.com
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