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Zomato plans to lay off 3% of its workforce

Online food delivery platform Zomato on Saturday said it is planning to lay off nearly 3 percent of its workforce on account of cost-cutting efforts and to turn profitable

FTX CEO pocketed $300 mn after big funding raise: Report

Sam Bankman-Fried, CEO of now-bankrupt cryptocurrency exchange FTX, pocketed $300 million after a big funding raise last year, the media reported. According to The Wall Street Journal, the beleaguered crypto exchange secured $420 million in October 2021.