Meta is cutting roughly 10% of its global workforce, a move the company framed as a way to fund its growing AI investments. The layoffs mark one of the largest headcount reductions at Meta since the 2022 cuts that eliminated about 11,000 jobs. The company has been pouring money into AI infrastructure, data centers, and model development. Rather than raise external capital or slow that spending, Meta chose to reduce its payroll costs instead. The logic is straightforward: cutting staff frees up billions that can be redirected toward compute and research budgets. Meta's stock fell on the news, suggesting investors are uncertain whether the cost savings will offset the execution risk of running a leaner team through a major technology buildout. Losing 10% of staff while scaling AI systems simultaneously puts pressure on the teams that remain. Watch for: how quickly Meta completes the cuts, which divisions are hit hardest, and whether the AI spending targets it is protecting actually deliver measurable results in future earnings.
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.