All posts tagged: restructuring

Cloudflare to cut over 1,100 jobs amid AI-driven restructuring

Cloudflare to cut over 1,100 jobs amid AI-driven restructuring

Published by Webster

US-based connectivity cloud company Cloudflare has announced plans to eliminate more than 1,100 jobs globally as part of a major organisational restructuring linked to the rapid rise of artificial intelligence (AI) within the company’s operations, reported IANS. According to an internal memo circulated to employees, the US-based connectivity cloud company said the restructuring is aimed at adapting to what it described as the emerging “agentic AI era,” where AI systems increasingly perform tasks traditionally handled by employees across departments, reported IANS. The company clarified that the move is not being implemented as a conventional cost-cutting exercise or a performance-based layoff programme, but rather as part of a broader operational transformation focused on AI-driven workflows. Internal Use Of AI Reportedly Increased By Over 600 Per Cent Cloudflare stated in the memo that its internal adoption of AI tools and AI agents has surged by more than 600 per cent during the past three months. The company said employees across multiple departments, including engineering, finance, human resources and marketing, are increasingly using AI-powered systems to manage routine …

US Ambassador Sergio Gor: A Trump Loyalist Entrusted With Restructuring India-America Ties | World News

US Ambassador Sergio Gor: A Trump Loyalist Entrusted With Restructuring India-America Ties | World News

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Last Updated:January 12, 2026, 12:54 IST US ambassador Sergio Gor: “I come to this remarkable nation with profound respect and a clear mission: to take the partnership between our two nations to the next level.” US ambassador Sergio Gor said there were incredible opportunities ahead for the two nations. (PTI) US ambassador Sergio Gor, known to be a key member of President Donald Trump’s inner circle, who is in New Delhi, on Monday said that America was determined to get a trade deal with India. “As the world adopts new technology, it is essential that India and the United States work hand in hand from the very start of this initiative…You and I have an incredible once in a lifetime opportunity to redefine diplomacy. What it can accomplish could be the most consequential global partnership of this century…,” he said. “No partner is more essential than India. In the months and years ahead, it is my goal as ambassador to pursue a very ambitious agenda. We will do this as true strategic partners, each bringing …

Restructuring of Panjab University’s senate-syndicate has exposed ‘BJP’s anti-Punjab face’, says ex-Cong min

Restructuring of Panjab University’s senate-syndicate has exposed ‘BJP’s anti-Punjab face’, says ex-Cong min

Published by Parlour News

Panjab University. | Photo Credit: The Hindu Former Health Minister and senior Congress leader Balbir Singh Sidhu on Monday (November 3, 2025) said that the BJP-led Central government’s move to restructure the ‘Syndicate and Senate’ of Panjab University has yet again exposed the BJP’s “anti-Punjab face.” Mr. Sidhu stated that under the pretext of improving the functioning of Panjab University, the Central government has almost eliminated the representation of teachers, principals, and alumni in its syndicate and senate, converting them into nominated bodies now directly under its control. “This historic institution of Punjab is now ‘Panjab University’ in name only, as in practice, it has been turned into a fully central university,” he said in a statement. He alleged that the BJP government intends to end or drastically reduce Punjab’s representation in every institution, just like in the BBMB (Bhakra Beas Management Board), so that Punjab can no longer influence their decisions. Hitting out at the ruling Aam Aadmi Party (AAP) government in Punjab, Mr. Sidhu said, “the Central government dared to take this step …

Trump-led White House fires National Security Council staff in major restructuring | World News

Trump-led White House fires National Security Council staff in major restructuring | World News

Published by Parlour News

US President Donald Trump led White House reportedly fired dozens of National Security Council (NSC) staffers on Friday, as the president moved to cut the size and scope of the powerful body, Reuters reported. Staff members, mostly dealing with geopolitical issues like Ukraine, Kashmir, were reportedly asked to leave on Friday afternoon. The reports of mass job slashing at NSC comes about three weeks after President Trump pushed out former National Security Adviser Mike Waltz and made Secretary of State Marco Rubio as the interim head of the NSC. The restructuring of the NSC would further contain the influence of the body and transform it from a powerful policymaking institution to a small organization focused more on implementing the president’s agenda than on shaping it, Reuters reported quoting sources. Story continues below this ad The report further added that with the slashing of staff at the NSC, the State Department, the Defense Department and other departments and agencies involved in the geopolitical diplomacy would have more authority and command on national security and intelligence matters. …

OpenAI Can’t Dodge Elon Musk’s Fraud Claims in Restructuring Suit

OpenAI Can’t Dodge Elon Musk’s Fraud Claims in Restructuring Suit

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A judge narrowed claims in Elon Musk’s lawsuit alleging that OpenAI broke its promise to function as a public charity by making plans to transform itself into a for-profit business.  US District Judge Yvonne Gonzalez Rogers in Oakland, California, on Thursday ruled that the world’s richest person can pursue fraud claims in the complaint he filed against OpenAI last year. She also declined to dismiss an unjust enrichment claim against OpenAI and Microsoft, a major investor in the startup.  But she threw out claims of false advertising and breach of fiduciary duty claims against the startup. Both companies won dismissal of Musk’s racketeering claims, but she gave the billionaire a chance to revise that allegation through an amended complaint. In response to a request for comment, an OpenAI spokesperson cited a social media post from last month saying that Musk’s actions are an unlawful bid to curb the company’s growth for the benefit of his rival startup, xAI, that he launched in 2023. A lawyer for Musk welcomed the ruling, saying it acknowledges his “serious allegations” that will proceed …

Hogwarts Legacy Story Expansion Reportedly Cancelled as Part of Warner Bros. Games Restructuring

Hogwarts Legacy Story Expansion Reportedly Cancelled as Part of Warner Bros. Games Restructuring

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Warner Bros. reportedly cancelled a planned expansion for Hogwarts Legacy, its biggest gaming hit in recent years, as part of restructuring efforts at its games division. The DLC was targeting a 2025 release and would have added story content to the action-adventure game, a new Bloomberg report has claimed. Warner Bros. significantly scaled back its games unit this year, shutting down three studios and cancelling projects after losing $300 million (roughly Rs. 2,564 crore) on its big bets in 2024. Hogwarts Legacy DLC Cancelled According to the report published Thursday, the Hogwarts Legacy expansion was planned for launch later this year alongside a “Definitive Edition” of the game that would have bundled all released game content. While the company did not announce its plans for the DLC officially, people familiar with the matter said Warner Bros. cancelled the project this week. As per the sources, the company had concerns that the Hogwarts Legacy expansion did not have enough content to justify the pricing. Hogwarts Legacy developer Avalanche Software was working on the DLC with Rocksteady …

WazirX Restructuring Plan Heads to Court in January; Risk of Liquidation If Rejected

WazirX Restructuring Plan Heads to Court in January; Risk of Liquidation If Rejected

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WazirX users affected by the July hacking incident may face a longer wait for clarity on compensation. In a recent update, Zettai announced plans to present its proposed financial restructuring scheme to the Singapore Court on January 22, 2025. Zettai, the Singapore-registered entity managing WazirX’s crypto assets, oversees the Indian exchange, which lost over $230 million (roughly Rs. 1,900 crore) in the July 18 attack. Since the hack, WazirX has yet to fully restore its services and continues to face intense criticism on social media. In a statement to Gadgets 360, Zettai confirmed it is awaiting Singapore Court approval to present its restructuring scheme to creditors. This means WazirX creditors may have to wait at least another month before any compensation is disbursed. If the court allows the proposal to proceed, the scheme will require at least 75 percent approval from creditors to take effect. Only with this majority vote will the restructuring plan be implemented. Amid mounting criticism, WazirX has disabled comments on its posts on X. :loudspeaker: The Road Ahead We’re moving step-by-step …

WazirX Hack: Zettai Requests Court Approval to Present Restructuring Plan for Creditor Vote

WazirX Hack: Zettai Requests Court Approval to Present Restructuring Plan for Creditor Vote

Published by Webster

Zettai, the Singapore-registered entity overseeing the WazirX crypto exchange in India, is seeking to engage with its creditors following the July hack that resulted in losses exceeding $230 million (roughly Rs. 1,900 crore). In response to the incident, Zettai began developing a financial restructuring plan under the supervision of the Singapore High Court. In a recent update, Zettai announced it has applied to the court for permission to convene a meeting with its creditors, during which it plans to present the proposed restructuring scheme for their approval. Details on Restructure Plans WazirX announced in a press release on Tuesday, December 10, that the proposed scheme was submitted to the court on December 6, 2024. In its statement, the exchange emphasised that the scheme “prioritizes creditors by providing a structured roadmap for recovery. If the court permits Zettai to convene a meeting of its Scheme Creditors, the proposed plan can be presented for a vote.” If approved, the scheme could have Zettai initiate initial fund distributions within 10 business days. “Under the scheme the net available …

Independent filmmakers demand restructuring Film Academy, KSFDC

Published by Parlour News

The Movement for Independent Cinema, a collective of independent filmmakers, has demanded that the State Chalachithra Academy and the State Film Development Corporation be reorganised. It urged the government to restructure the Chalachithra Academy with an independent filmmaker at the helm. Appointing a representative of commercial cinema as head of the academy would divert it from its intended aim of promoting independent cinema, it argued. The academy which selects the jury for film awards and organises the International Film Festival of Kerala, it alleged, was lately only promoting commercial films. The Kerala State Film Development Corporation and its chair filmmaker Shaji N. Karun, too, came under criticism repeatedly. This warranted a restructuring of the corporation as well, it said. Published – September 19, 2024 01:08 am IST Source link

Domestic Cricket Restructuring: Ranji Trophy Likely to Be Played In Two Halves In 2024-25 Season

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The BCCI is likely to split the prestigious Ranji Trophy into two halves with white-ball tournaments Syed Mushtaq Ali Trophy and Vijay Hazare Trophy being held in between for the 2024-25 season. It is learnt that a draft proposal for the restructuring of domestic cricket calendar for the 2024-25 season has been sent to the the Board’s apex council. The proposal has been made after consultation with BCCI secretary Jay Shah, India captain Rohit Sharma, chairman of selectors Ajit Agarkar, head coach Rahul Dravid and National Cricket Academy head VVS Laxman. Another proposal is the doing away with the toss for the CK Nayudu Trophy, which will also be organised with a new points system. As per the new proposed format, five Ranji Trophy league matches will be followed by white ball tournaments — Syed Mushtaq Ali Trophy and Vijay Hazare Trophy. The remaining two Ranji league matches as well as the knockout stage games will then be held after the conclusion of the two white-ball tournaments. This has been done in order to meet …