Massive layoffs underway at Amazon, Salesforce; Walmart receives $1 Bn tax bill for PhonePe’s move to India

Meta Fined $400 Million for Online Activity-Based Ads                                                                                                                                                                                                                                                                                                                                                                                                                 [Open in app]( or [online]() News at the intersection of global tech, Indian startups and you. Curated and summarized. --------------------------------------------------------------- [Massive layoffs underway at Amazon, Salesforce; Walmart receives $1 Bn tax bill for PhonePe’s move to India]( Meta Fined $400 Million for Online Activity-Based Ads Jan 5   [Save]()   Howdy! Check out Thursday’s edition of the nextbigwhat newsletter and stay on top of the stories shaping the world of business, startups, and tech! The NextBigWhat newsletter brings you curated news, summarized for you—we save you time and deliver the info you need in your work.  --------------------------------------------------------------- Salesforce to reduce workforce by 10%, more than 7,000 employees - This is part of a restructuring plan announced by the company on Wednesday. - Some office space will also be reduced as part of the plan. [Subscribe]() --------------------------------------------------------------- US likely to increase H-1B visa fees to fund immigration agency - US likely to increase filing fees for H-1B visas. This will impact both American and Indian technology companies. - The move is to fund the immigration agency. --------------------------------------------------------------- Download NBW app: Read tech news on-the-go. The short news app for busy professionals Get it on [Android ]( --------------------------------------------------------------- Google accuses CCI inquiry of being tainted due to informants working with DG office - CCI imposed a penalty of Rs 1,337.76 crore on Google for anti-competitive practices in relation to Android mobile devices. - Google claims that two informants working with the DG office are conducting investigations and the inquiry is tainted. --------------------------------------------------------------- If you like what you see, spread the word to your colleagues and your community. [Share NextBigWhat]() Walter Cunningham, last surviving Apollo 7 astronaut, passes away at 90 - Walter Cunningham, the last surviving member of the 1968 Apollo 7 mission, passed away on Tuesday at 90 years old. - He was born in Iowa and served in the US Navy and Marine Corps before joining NASA in 1963. He participated in the Apollo program’s first crewed and televised flight. --------------------------------------------------------------- Meta Fined $400 Million for Online Activity-Based Ads - Meta has been fined $400 million by European regulators. - Meta was not allowed to use its contracts with users to justify sending them ads based on their online activity. - This ruling is a blow to the digital-advertising industry. --------------------------------------------------------------- Vimeo announces layoffs for 11% of employees due to uncertain economic environment - CEO Anjali Sud cites uncertain economic environment as the reason for the reduction. This was a difficult decision for the company, but the right decision to make. - Vimeo is committed to providing support for affected employees. --------------------------------------------------------------- BMW Motorrad India sees 40% growth in 2022 - BMW Motorrad India achieved its best-ever annual sales in CY2022. - The company sold a total of 7,282 units, which is 40% higher than CY2021. This constitutes a 40% year-on-year growth. --------------------------------------------------------------- Walmart receives $1 billion tax bill for PhonePe’s move to India - Walmart took majority ownership of PhonePe Pvt after acquiring the parent company, Flipkart Online Services Pvt. - The value of PhonePe Pvt has increased due to the relocation. --------------------------------------------------------------- NCLAT orders Google to pay 10% of Rs 1,337.76 crore penalty by CCI - The next hearing is scheduled for February 13 to discuss the issue of staying the penalty. - The final hearing is expected on April 3. [Share]( --------------------------------------------------------------- Microsoft develops global products in India, says Nadella - Historically, Microsoft has built products elsewhere and sold them in India. - This has changed and Microsoft is now building global products in India. --------------------------------------------------------------- Amazon CEO Andy Jassy announces more than 18,000 job cuts - The layoffs will be communicated starting January 18. - The job cuts will mainly affect Amazon’s e-commerce and human-resources organizations. --------------------------------------------------------------- #RecommendedBook of the day The 5 AM Club Legendary leadership and elite performance expert Robin Sharma introduced The 5 AM Club concept over twenty years ago, based on a revolutionary morning routine that has helped his clients maximize their productivity, activate their best health and bulletproof their serenity in this age of overwhelming complexity. 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