February 9, 2025: This week in the tech industry was eventful, featuring regulatory fines, corporate rebranding, layoffs, and evolving workplace policies. From Zomato’s new identity as Eternal Ltd. to OpenAI CEO Sam Altman’s visit to India, here’s a detailed recap of the week’s top stories.
Zomato announced its decision to rename itself Eternal Ltd., pending shareholder approval. The move reflects the company’s aim to consolidate its key businesses: Zomato, Blinkit, Hyperpure, and District. CEO Deepinder Goyal highlighted this change as a milestone in the company’s evolution, with a new stock ticker and website rebranding on the horizon.
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Infosys laid off around 350 campus recruits due to failed internal assessments. The Nascent Information Technology Employees Senate (NITES) criticized the move, terming it unethical and planning a formal complaint with the Labour Ministry. The company, however, clarified that the layoffs were performance-driven.
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OpenAI CEO Sam Altman met with IT Minister Ashwini Vaishnaw to discuss India’s AI strategy. Altman expressed OpenAI’s interest in collaborating with India to build a robust AI ecosystem, highlighting India’s growing importance as OpenAI’s second-largest market. The visit underlines India’s ambitions to democratize technology.
TCS announced a reduction in senior employees’ variable pay for the second consecutive quarter. Despite adhering to stringent work-from-office policies, some employees received as little as 20-40% of their allowances.
Dell has ended its hybrid work policy, requiring employees within an hour’s commute to return to the office five days a week starting March 3. The policy aims to streamline operations and boost productivity but has sparked mixed reactions.
Alphabet’s stock fell 8% after a mixed earnings report, wiping out $211 billion in market value. This marks Alphabet’s largest single-day percentage drop since October 2023, raising concerns among investors.
Amazon’s AWS division introduced new policies for sales managers, increasing the minimum number of direct reports to eight. CEO Andy Jassy cited the changes as part of efforts to cut costs and improve decision-making after the company’s pandemic-era hiring surge.
Zomato rebrand, Infosys layoffs, OpenAI in India, Sam Altman visit, TCS variable pay cut, Dell return-to-office policy, Google market value loss, Amazon AWS restructuring, SEBI fines, tech industry news
