Meta has set May 20 as the target date for its first wave of layoffs, with additional cuts planned later in 2026, according to exclusive reporting. The company has not publicly disclosed the total headcount reduction or the functions most exposed to the reductions. This is a multi-phase restructuring, meaning workforce pressure at Meta will extend across the calendar year rather than resolving in a single event. Investors and employees will be watching for disclosures on affected teams, severance terms, and whether the cuts cluster around specific divisions such as Reality Labs, recruiting, or middle management layers that have drawn scrutiny in prior rounds. The phased timeline could signal an intent to manage cost reductions while limiting operational disruption, though the absence of a disclosed total makes the full magnitude unclear. Meta's previous restructuring in 2022 and 2023 reshaped its cost structure materially, and another multi-wave reduction suggests the company is again prioritizing margin discipline heading into the back half of 2026.
Flipkart will launch a food delivery pilot in Bengaluru by mid-August, charging restaurants a 10-11% commission compared to the 25-35% levied by Swiggy and Zomato. The move targets growing restaurant discontent with incumbent platforms and aims to drive daily engagement across Flipkart's 500 million registered users.
Maruti Suzuki crossed two lakh domestic units in July 2026 for the first time, recording 42.4% year-on-year growth. Total sales including exports and OEM supplies reached 2,41,421 units, with all passenger vehicle segments posting gains.
Air India's net loss more than doubled to ₹22,238 crore in FY26, prompting Tata Sons chairman N Chandrasekaran to extend the Vihaan.AI turnaround timeline from five years to as long as a decade.
UpGrad's all-stock acquisition of Unacademy, valued at Rs 1,955 crore, is set to close within three weeks after CCI clearance and near-complete investor sign-offs. The deal combines upGrad's upskilling business with Unacademy's test prep and medical education platforms, with Gaurav Munjal staying on as CEO.
