… The restructuring would see the company flattening its organizational structures to just five layers below the CEO and COO levels, according to an internal email that the company’s CEO Brian Armstrong posted on the company blog . …
… On Tuesday, the company reported first-quarter revenue of $264 million, up 23% from a year earlier, and gross margins of 88%. It expects to incur $30 million to $35 million in restructuring expenses as part of the effort. …
… Why the company is making big internal changes to support its AI push. …
… It’s worth a read, but it actually undersells the most jaw-dropping part of the story: Intel’s stock has risen a stunning 490% over the past year, a bet by Wall Street that may be running well ahead of the company’s actual turnaround. …
… It’s worth noting that, in this case, PayPal was already in need of restructuring. The company may have beat on its first-quarter earnings with revenue of $8.4 billion, up 7% year-over-year, but it forecast weak guidance for the second quarter, sending the stock tumbling after earnings. …
… The company expects revenue to increase by about 10% in the third quarter, for which it will report results later today. …
… The company also brought on Rashed Haq as its vice president of autonomous vehicles. Haq spent five years at Cruise — the self-driving vehicle company acquired and later shuttered by GM — as its head of AI and robotics. …
… Those executives left amidst a restructuring that affected 10% of its workforce or around 135 employees , as TechCrunch first reported last month, while the company shifts resources toward its rapidly growing energy storage business. …
… The company had nearly 250 employees in India when it opened offices in Chennai and Bengaluru in 2024. But the entire company has been scaling back in recent years. …
… Zepto’s advertising revenue rose more than 151% year-over-year to ₹16.4 billion about $171 million in fiscal 2026, outpacing the company’s 104% increase in operating revenue to ₹115.5 billion around $2.4 billion . …