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Frontdesk, a prop tech startup, shocked many by firing its entire 200-person workforce in a brief Google Meet call. The CEO cited financial struggles, hinting at a state receivership. Despite $26M funding, their short-term rental model faltered, leading to operational woes. This abrupt move raises concerns about similar firms. The incident echoes a 2022 British company layoff, highlighting challenges in the job market s changing landscape.
Private equity and venture capital investments in Indian companies declined about 40% to $27.9 billion in 2023, compared to $47.62 billion in 2022, according to data from Venture Intelligence and the Indian Private Equity and Venture Capitalist Association. The year also saw an increase in outflows to $19.34 billion from $18.45 billion in 2022. However, industry watchers expect a rebound in funding next year.
US News: While Venus has been neglected in recent decades, the discovery of potential biosignatures, such as phosphine gas, reignited interest. NASA planned tw