The wait is over for Telangana EAMCET hopefuls! The Telangana State Council of Higher Education (TSCHE) announced the TS EAMCET 2024 results today, May 18th. Candidates who took the entrance exam for admission into engineering, agriculture, and pharmacy programs can now check their scores on the official website: https://eapcet.tsche.ac.in/.
TS EAMCET:
Held between May 7th and 11th, this year’s TS EAMCET saw a massive turnout. Nearly 355,000 students appeared for the exam, with a staggering 94.45% opting for the engineering stream. Pharmacy and agriculture saw a participation rate of 91.24%.
How to Check TS EAMCET Results?
Accessing your TS EAMCET 2024 results is a quick and easy process:
Locate and click the link for “TS EAMCET Result 2024” on the homepage.
Enter your registration details on the new page.
Click “Submit” to view your results.
Download and print a copy of your results for future reference.
Passing Marks of TS EAMCET:
The minimum qualifying marks for General, OBC, and BC category candidates are set at 25% of the total exam score. SC and ST candidates don’t have a minimum threshold but will be ranked alongside other students based on their marks.
Stay Informed:
For the latest updates and information regarding TS EAMCET 2024 counseling and admissions, be sure to visit the official website regularly: https://eapcet.tsche.ac.in/.
Forget your standard smartphone upgrade – Caviar, the name synonymous with opulent tech transformations, has just unleashed a collection that defies expectations. Introducing the “Era of Dragon” for the Samsung Galaxy S24 Ultra, a limited-edition series where technology and luxury tango in a mesmerizing fusion.
The crown jewel of this collection is the “Yong” model, a $15,000 masterpiece draped in black PVD-coated titanium. But the true spectacle lies in the 24-karat gold Korean dragon bas-relief slithering across the back. This intricate engraving isn’t just eye candy; it’s a nod to Eastern mythology and a symbol of power and majesty, weaving the spirit of the dragon into the very fabric of your phone.
But Caviar doesn’t just add sparkle – they add sohttps://caviar.global/catalog/custom-samsung/samsung-s24/ul. Nestled within the “Yong” is the CVR ELT3350A Tourbillon, a handcrafted mechanical marvel showcasing 19 jewels and completing a mesmerizing one-minute rotation. It’s a rare glimpse of watchmaking artistry dancing within the modern canvas of your smartphone, transforming it into a coveted collector’s item.
The dragon isn’t the only mythical inhabitant of this collection. Three diamond-studded stars and a zodiac circle, blending Eastern and Western constellations, adorn the phone, imbuing it with layers of cultural harmony and personalized meaning. Feeling a kinship with your astrological sign? Caviar offers specific models featuring your constellation for a more personal touch, starting at $9,000.
But be warned, exclusivity reigns supreme here. Only 24 “Yong” and 99 zodiac models will ever grace this planet, making them more than just phones – they’re tech-infused art pieces whispered into existence for a select few.
So, if you’re seeking a smartphone that transcends mere functionality, a device that whispers stories of dragons and constellations, then step into the “Era of Dragon.” Here, technology sheds its mundane skin and takes flight on the wings of luxury and cultural symbiosis.
Apple just dropped its latest update, it is a doozy! iOS 17.3 packs a punch with features that make your iPhone more secure, fun, and convenient than ever before. Whether you’re a security hawk worried about lost phones or a music lover always down for a spontaneous playlist party, this update has something for you.
Ever had that sinking feeling of losing your phone, knowing all your photos, notes, and yes, even those embarrassing college pics, are now in someone else’s hands? Shudder. Well, Apple’s got your back. The new Stolen Device Protection feature throws up a tough security wall around your data, forcing thieves to navigate a biometric obstacle course of Face IDs and delays before they even sniff your iMessages. Talk about peace of mind!
These are the new features in iOS 17.3:
Stolen Device Protection Turning on this feature adds an additional layer of security in the event that someone steals your iPhone and obtains your passcode
Apple Music Collaborative Playlists You can now create and share playlists with… pic.twitter.com/VMg0psMGTW
But it’s not all about playing bodyguard. Music lovers, get ready to rock out with your friends! iOS 17.3 lets you create collaborative playlists, so you and your bestie can curate the ultimate road trip soundtrack or throw a virtual dance party without leaving the couch. And if you’re feeling extra expressive, toss in some emoji reactions – because what says “This song slaps!” better than a fire emoji, amirite?
That’s not all, though. Tired of battling wonky hotel TVs just to catch your favorite show? AirPlay just got a hotel room upgrade, letting you stream seamlessly wherever you roam. And for the tech geeks out there, improved crash detection makes your iPhone smoother than ever.
So, what are you waiting for? Update your iPhone and experience the magic of iOS 17.3! Who knows, maybe it’ll inspire other tech giants to follow suit and make our digital lives even better.
Hold onto your hats, tech fans! Just hours before the official launch of the Samsung Galaxy S24 series, a major leak has sent shockwaves through the tech world. The Galaxy S24 and S24 Ultra briefly appeared on the official Samsung Caribbean website as reported by livehindustan, giving us a sneak peek at their design and a jaw-dropping price tag.
Get ready for sharper edges and flatter sides! The leaked images reveal an S24 Ultra with a modern, sleek design featuring ultra-narrow bezels for that edge-to-edge screen experience. The iconic S Pen also makes a return, nestled in its own dedicated slot at the bottom. As for colors, prepare to be dazzled – these leaks suggest Yellow, Purple, Pink, and Brown options might be gracing store shelves soon.
But the Real Shocker? The Samsung Galaxy S24 Ultra price:
According to the listing, the 1TB S24 Ultra is set to cost a whopping USD 1499 (approximately Rs 1,24,600)! That’s a significant jump from the S23 Ultra’s starting price, leaving fans wondering if it’s just a placeholder or the real deal.
Samsung Galaxy S24 : Flat and Flashy
Source: LiveHindustan
The standard S24 also joins the spotlight with its own set of leaked images. Expect similar design cues as its bigger brother, featuring flat edges, narrow bezels, and a triple-camera array on the back. Like the Ultra, it seems to come in a range of vibrant colors – Yellow, Purple, White, and Black – ready to cater to diverse tastes.
Pricey or Placeholders? The Samsung Galaxy S24 Price:
While the pricing information raises eyebrows, it’s important to remember these are just leaks. The official Galaxy Unpacked event is just hours away, and only then will we know the true cost of Samsung’s latest flagships.
So, buckle up and get ready for an exciting evening! The tech world is holding its breath for the official unveiling of the S24 and S24 Ultra, and one thing’s for sure – it’s about to get interesting.
OnePlus, a renowned player in the world of smartphones, is gearing up to unveil its first-ever global foldable smartphone, aptly named the OnePlus Open. In an exciting collaborative venture with its parent company, OPPO, OnePlus is set to break new ground in the smartphone industry.
OnePlus Open Global Launch Event
The global unveiling of the OnePlus Open is set to take place in Mumbai, India, a hub for technological innovation and design. The event is scheduled to unfold at the Jio Convention Centre, located in the Bandra Kurla Complex of Mumbai, India’s financial capital. The entire world will witness this launching as OnePlus streams the event live on its official YouTube channel, commencing at 7:30 PM today.
OnePlus Open: Expected Pricing and Outstanding Features
The OnePlus Open is poised to take on the mighty Samsung Galaxy Z Fold 5, the current reigning champion in the foldable smartphone market, with an enticing proposition – affordability. While official pricing details are yet to be revealed, experts speculate that the OnePlus Open could retail in India for an estimated price ranging between Rs 1,30,000 to Rs 1,40,000. A strategic decision indeed, considering the OnePlus Open will come equipped with an impressive 16GB RAM and a capacious 512GB storage as standard features.
Camera Innovation: While OnePlus has teased out a few details about the upcoming phone, the Chinese manufacturer has confirmed that the OnePlus Open will sport Sony’s newest LYTIA-T808 camera sensor. Meanwhile, several leaks have already provided a detailed look at the design and specifications of the foldable. The OnePlus Open is tipped to arrive with a 7.82-inch fluid AMOLED main display with 120Hz refresh rate. The phone is also said to get two selfie cameras — a 20-megapixel shooter for the inner front camera and a 32-megapixel sensor for the outer one.
The OnePlus Open promises a sensory delight with its advanced specifications:
Dual Displays: The device boasts dual displays – a 7.82-inch main screen and a 6.31-inch cover screen. Both screens utilize LTPO AMOLED technology, delivering a dazzling peak brightness of 2,800 nits and a buttery-smooth 120Hz refresh rate.
Robust Processing Power: The OnePlus Open is powered by the Qualcomm Snapdragon 8 Gen 2 processor, ensuring swift and efficient performance.
Photography Excellence: For the photography enthusiasts, the OnePlus Open sports a triple camera setup on the rear, featuring a 48MP main camera, a 48MP ultrawide lens, and a 64MP telephoto lens. On the front, users will have access to a 32MP selfie camera on the cover screen and a 20MP selfie camera on the main screen, promising stunning selfies and video calls..
Long-lasting Battery and Super-Fast Charging: With a 4,805mAh battery under the hood and the blazing 80W SUPERVOOC charging, users can stay connected and enjoy their device for extended periods without worry
The OnePlus Open is poised to make a substantial impact in the foldable smartphone market, offering a compelling combination of cutting-edge technology, superior design, and affordability.
Check out the Top 10 Most Followed Indian Entrepreneurs on X
/ Discover the most followed Indian entrepreneurs on X (Twitter) – from Ratan Tata to Sundar Pichai. Explore their insights and impact.
By Babloo Farkade
Date: 16 Oct 2023 16:11 PM IST
In the digital age, the influence of social media cannot be overstated. X (Twitter) has become a powerful tool for individuals and businesses to connect with their audiences and share their thoughts, ideas, and accomplishments. Indian entrepreneurs have also recognized the importance of this platform, amassing impressive followings. In this article, we’ll take a closer look at the top 10 most followed Indian entrepreneurs on X (Twitter) and see how they’re making waves online.
1.Ratan Tata: 12.6 Million Followers
Ratan Tata, the former chairman of Tata Sons, leads the pack with a staggering 12.6 million followers on X (Twitter). His presence on X is marked by a mix of business insights, philanthropic initiatives, and glimpses into his personal life, making him a true influencer. Ratan Tata, one of the most respected and revered figures in the Indian business landscape, is a force to be reckoned with on X.
His immense following is not just a number but a testament to the impact he has had on the lives of countless Indians. Ratan Tata’s X journey is fascinating, given that he only joined the platform in 2013. What sets Ratan Tata’s online presence apart is the authenticity and diversity of his content. He shares his thoughts on business, leadership, and innovation, making it a treasure trove of wisdom for aspiring entrepreneurs. But he also showcases his softer side, giving a glimpse into his personal life, hobbies, and his love for cars. This combination of business acumen and personal charm has endeared him to millions.
Additionally, Ratan Tata’s philanthropic endeavors shine through on X. He has consistently used his platform to highlight social issues and support various causes. Whether it’s contributing to disaster relief efforts or promoting education, his online influence goes beyond just followers; it translates into positive change.
2.Anand Mahindra: 10.8 Million Followers
Anand Mahindra, the Chairman of Mahindra Group, boasts 10.8 million followers on X. His X feed is a captivating blend of business updates, inspirational quotes, and an occasional touch of humor, making it a must-follow for enthusiasts of business and innovation. Anand Mahindra’s X presence is akin to a masterclass in leadership. He’s a prolific sharer of insightful quotes, book recommendations, and leadership wisdom. His knack for storytelling through X keeps his followers engaged and eagerly awaiting his next post.
One of the notable aspects of Mahindra’s X journey is his active engagement with his followers. He doesn’t just broadcast his ideas but also fosters dialogue, often seeking opinions and ideas from his audience. This level of interaction adds a personal touch to his online persona. Anand Mahindra’s wit and sense of humor also shine through on X. His humorous take on everyday situations and business scenarios brings a smile to the faces of his followers. It’s a reminder that even in the world of high-stakes business, there’s room for laughter and humanity.
3.Acharya Balkrishna: 6.6 Million Followers
Acharya Balkrishna, the managing director of Patanjali Ayurved Limited, has made his mark on X with 6.6 million followers. His content primarily focuses on Ayurveda, yoga, and traditional Indian wellness practices, resonating with a wide audience. In the realm of wellness and Ayurveda, Acharya Balkrishna is a prominent figure on X. His social media presence is a tribute to the ancient wisdom of Indian wellness practices.
He uses his X platform to promote Ayurveda, yoga, and holistic living. Acharya Balkrishna’s followers look to him for guidance on natural remedies, healthy living, and mindfulness. His X posts often include tips on staying fit, consuming Ayurvedic herbs, and maintaining a balanced lifestyle. With a massive following, his reach is extensive, and he’s playing a pivotal role in spreading awareness about India’s traditional wellness heritage.
4.Sundar Pichai: 5.3 Million Followers
Sundar Pichai, the CEO of Alphabet Inc. and Google, holds a notable presence on X with 5.3 million followers. His X tweets often revolve around tech updates, inspirational stories, and his personal journey from a small town in India to the global tech stage. Sundar Pichai’s journey is an inspirational tale that resonates with many Indians. He often shares anecdotes from his childhood in Chennai, showcasing how humble beginnings can lead to extraordinary achievements.
His life story, from a small town in India to the CEO of one of the world’s largest tech companies, serves as a beacon of hope for aspiring entrepreneurs and technologists. Pichai’s X tweets are a blend of tech-related updates, such as new Google products and innovations, and broader topics like education and leadership. His dedication to the power of technology in transforming lives is evident in his online presence.
Furthermore, Sundar Pichai’s posts often highlight the importance of diversity and inclusion in the tech industry, addressing critical issues that the world is grappling with today. His influence extends beyond the tech world, reaching those interested in leadership, education, and global affairs.
5.Satya Nadella: 3 Million Followers
Satya Nadella, the CEO of Microsoft, has accumulated 3 million followers on X. His X posts provide insights into Microsoft’s cutting-edge technologies, leadership philosophies, and his advocacy for digital empowerment.
Satya Nadella’s X feed is a mix of Microsoft’s latest developments, thoughts on leadership and innovation, and his personal commitment to social change. He often highlights Microsoft’s endeavors in areas like cloud computing, artificial intelligence, and accessibility. Beyond technology, Nadella delves into leadership philosophies, sharing valuable insights into how he’s transformed Microsoft into a tech giant with a strong focus on empathy and inclusion.
His journey at Microsoft and his emphasis on the importance of a growth mindset provide a valuable learning experience for his followers. A significant portion of Satya Nadella’s X tweets is dedicated to digital empowerment and how technology can be harnessed for social good. He actively promotes initiatives that aim to bridge the digital divide and create opportunities for those who are often left behind in the digital age.
6.Nandan Nilekani: 2.5 Million Followers
Nandan Nilekani, the co-founder of Infosys and former chairman of UIDAI, engages with 2.5 million followers on X. His X presence reflects his passion for digital India, technology, and governance reforms. Nandan Nilekani has been at the forefront of India’s digital transformation for decades. His online presence mirrors his commitment to digitization, innovation, and governance reform.
He uses his X platform to discuss a wide range of topics, from the future of digital identity to the importance of data security. One of Nilekani’s most significant contributions is the Aadhaar project, which aimed to provide every Indian with a unique digital identity. He actively shares insights into the project’s progress and its impact on millions of lives.
Additionally, Nandan Nilekani actively participates in discussions related to data privacy, cybersecurity, and the role of technology in governance. His deep understanding of these complex subjects is invaluable in shaping the dialogue around digital transformation in India.
7.Ronnie Screwvala: 2 Million Followers
Ronnie Screwvala, the founder of UTV and upGrad, maintains a strong online presence with 2 million followers on X. His X posts often revolve around entrepreneurship, education, and the media and entertainment industry. Ronnie Screwvala’s journey is a testament to the entrepreneurial spirit. He has ventured into various industries, including media and education, making him a dynamic figure in the Indian business landscape.
His X presence is a reflection of his multifaceted interests and experiences. A significant part of Screwvala’s online activity centers around entrepreneurship. He shares insights, tips, and experiences that are invaluable to aspiring business owners. His X posts often dives into the challenges and rewards of entrepreneurship, providing a real-world perspective. Screwvala’s dedication to education is also apparent in his X presence.
As the founder of upGrad, an online education platform, he actively advocates for lifelong learning and skill development. His X posts emphasize the importance of education in today’s fast-evolving world.
8.Harsh Vardhan Goenka: 1.8 Million Followers
Harsh Vardhan Goenka, Chairman of RPG Enterprises, enjoys a significant following of 1.8 million on X. His X activity reflects his commitment to sustainability, innovation, and responsible business practices. Harsh Vardhan Goenka’s online persona is characterized by his commitment to sustainability and responsible business practices. He frequently shares updates on RPG Enterprises’ sustainability initiatives and their impact on the environment. Additionally, Goenka is a strong advocate for innovation and technology adoption in business.
His X posts often explore the intersection of traditional industries with cutting-edge technology, providing valuable insights into the future of business. One of the standout aspects of Goenka’s X presence is his focus on corporate social responsibility (CSR). He actively highlights RPG Enterprises’ CSR initiatives, which include education, healthcare, and community development. His commitment to making a positive impact on society is evident in his online content.
9.Kiran Mazumdar-Shaw: 1.6 Million Followers
Kiran Mazumdar-Shaw, the Chairperson and Managing Director of Biocon Limited, has 1.6 million followers on X. Her X feed emphasizes healthcare, biotechnology, and the importance of scientific research. Kiran Mazumdar-Shaw is a trailblazer in the field of biotechnology and healthcare.
Her X presence reflects her dedication to advancing science and making quality healthcare accessible to all. A significant part of Mazumdar-Shaw’s online content revolves around biotechnology and the latest developments in the healthcare sector. She actively shares updates on Biocon’s research and innovations, giving her followers a glimpse into the world of cutting-edge science. Mazumdar-Shaw’s influence extends beyond business. She uses her X platform to advocate for gender equality, particularly in the STEM fields. Her commitment to empowering women in science and business is a recurring theme in her online presence.
10.Uday Kotak: 1.1 Million Followers
Uday Kotak, the managing director and CEO of Kotak Mahindra Bank, rounds off our list with 1.1 million followers on X. His X posts often provide valuable financial insights and guidance for investors and aspiring entrepreneurs. Uday Kotak’s X journey is a reflection of his expertise in the world of finance and banking.
His X feed is a valuable resource for those interested in the financial markets, investment, and entrepreneurship. A significant portion of Kotak’s X content focuses on financial literacy and investment advice. He regularly shares insights on wealth creation, the stock market, and personal finance. His X posts are not only informative but also practical, making complex financial concepts accessible to a wider audience. Uday Kotak’s tweets also reflect his deep commitment to ethical and responsible banking. His advocacy for ethical banking practices and financial inclusion is evident in his online content.
The substantial X following of these Indian entrepreneurs reflects their influence not only in the business world but also in broader society. Their X presence enables them to connect with a global audience, share their ideas, and inspire the next generation of entrepreneurs and leaders. As the digital landscape continues to evolve, it will be fascinating to see how these entrepreneurs leverage their X platforms to make a positive impact on the world.
Conclusion
The rise of X (Twitter) has transformed how we connect with individuals who have made a significant impact in various fields, including business and entrepreneurship. These top Indian entrepreneurs not only lead successful businesses but also serve as role models, educators, and inspirations to a vast online audience.
Their stories, insights, and experiences have the potential to shape the future of business and innovation, not only in India but globally. It is through their continued engagement on X that they are able to bridge the gap between their extraordinary achievements and the aspirations of the masses, creating a shared vision for a better, more enterprising world.
Google Pixel 8 Series Sale Goes Live In India, Know Price and Offers
/ Get the latest on Google Pixel 8 Series: Prices, Offers, and Specs. Don’t miss out on this exciting smartphone launch in India
By Babloo Farkade.
Date: 15 Oct, 2023 14:15 PM IST
Google’s much-anticipated Pixel 8 and Pixel 8 Pro have officially hit the Indian smartphone market. The sale for these cutting-edge devices started on October 12, causing waves of excitement among tech enthusiasts. The Pixel 8 Series, unveiled just last week at the prestigious Made By Google Event 2023, has been a hot topic, alongside the release of the Pixel Watch 2 and the revamped Pixel Buds Pro.
Cutting-Edge Features and Specifications
Both the Pixel 8 and Pixel 8 Pro smartphones are powered by Google’s state-of-the-art Tensor G3 processor and run on the latest Android 14. They feature sleek hole-punch style displays with an impressive 120Hz refresh rate, providing a seamless and fluid user experience.
In terms of storage, both models offer up to 256GB, ensuring ample space for your files, photos, and apps. The Pixel 8 comes equipped with a robust 4,575mAh battery, supporting 27W wired charging, while the Pixel 8 Pro boasts a substantial 5,050mAh battery with 30W fast charging support.
Pricing and Launch Offers
For Indian consumers, the pricing of the Pixel 8 series is as follows:
Google Pixel 8:
8GB RAM + 128GB storage: ₹75,999
8GB RAM + 256GB storage: ₹82,999
Color Options: Hazel, Obsidian, Rose
Pixel 8 Pro:
12GB RAM + 128GB storage: ₹1,06,999
Color Options: Bay, Obsidian, Porcelain
Exclusive Bank Offers
To sweeten the deal for early adopters, Google has partnered with leading banks for exclusive offers. The Pixel 8 and Pixel 8 Pro can be purchased via Flipkart, and as a welcome offer, customers can enjoy an ₹8,000 discount. Additionally, users who make their purchase using ICICI, Kotak Mahindra, or Axis Bank cards will receive an extra ₹3,000 off. If you’re planning to upgrade, trading in your old phone can net you a generous ₹4,000 exchange bonus.
These special bank offers and exchange discounts can bring down the cost of the Pixel 8 to ₹64,999, and the Pixel 8 Pro to ₹93,999. Furthermore, customers purchasing any of the Pixel 8 series smartphones will also have the opportunity to acquire the new Pixel Watch 2 at a discounted price of ₹19,999. For those interested in audio, the Pixel Buds Pro can be owned for ₹8,999.
Incredible Camera Capabilities
The Pixel 8 series continues Google’s tradition of excellence in photography. The standard Pixel 8 features a dual rear camera setup with a 50MP Samsung GN2 sensor and a 12MP ultra-wide-angle camera. Meanwhile, the Pixel 8 Pro boasts a triple rear camera system, comprising a 50MP primary sensor and two 48MP sensors. Both models come with a 10.5MP front camera, ensuring you capture stunning photos and videos.
State-of-the-Art Technology
These devices support a wide range of connectivity options, including Wi-Fi 6E, 5G, 4G LTE, Bluetooth 5.3, GPS, NFC, and a USB Type-C port. The inclusion of an accelerometer, barometer, gyroscope, magnetometer, and sensor on board enhances the overall user experience. In addition, an in-display fingerprint scanner is provided for seamless biometric authentication.
Final Thoughts
The Google Pixel 8 series brings with it a slew of innovations, from cutting-edge processing power to extraordinary camera capabilities. With enticing launch offers and exclusive bank discounts, these devices are bound to be a hit among Indian smartphone enthusiasts. As the series goes live, tech aficionados across the nation are eagerly diving into this latest Google experience.
In a notable development for tech enthusiasts and daily web surfers, Google, the global technology behemoth, has initiated testing for the integration of its Discover Feed on its desktop homepage. This new feature, which augments Google’s traditional search box, is aimed at delivering an enhanced user experience by offering a curated selection of suggested content. Google originally introduced the Discover Feed to its mobile homepage for users in the United States back in 2018, and it has since become a prominent and well-loved feature.
As per reports by The Verge and Gadgets Now, Google’s desktop homepage in India now boasts the inclusion of the Discover Feed. This dynamically evolving feed features a comprehensive spectrum of information, including news headlines, weather forecasts, sports scores, and real-time stock updates for three distinct companies. The move has been officially confirmed by Lara Levin, a Google spokesperson, who emphasized that the company is actively conducting this trial with a select group of users in India.
For Android users, the Discover Feed is a familiar presence, visible just beneath the search bar within Google’s mobile apps. Furthermore, on some Android devices, this feature is thoughtfully positioned on the leftmost pane of the Home screens, ensuring users have swift access to personalized and up-to-the-minute information. Following suit, the desktop version of the Google Discover Feed mirrors this accessibility, appearing just below the search bar for an intuitive user experience.
Considering that Google.com remains the most visited website globally, any modifications to its interface are of considerable importance to users across the world. Currently the Discover Feed integration is presently limited to a select group of users. Google’s choice to roll out the feature gradually and judiciously reflects the company’s commitment to fine-tuning the user experience and ensuring that the feature meets its high standards.
In essence, the introduction of the Discover Feed on Google’s desktop homepage is poised to make information more accessible and relevant, enhancing the browsing experience for users.
In a disheartening turn of events, Qualcomm, a prominent player in the tech industry, has announced a significant layoff affecting more than 1,000 employees. As reported by Benzinga and Gadgets Now these layoffs will primarily impact the company’s offices in California, specifically in the areas of Santa Clara and San Diego.
Qualcomm’s Restructuring Strategy
Qualcomm’s decision to downsize its workforce comes as part of a broader restructuring initiative, as disclosed in the company’s quarterly earnings report. The report stated, “Given the continued uncertainty in the macroeconomic and demand environment, we expect to take additional restructuring actions to enable continued investments in key growth and diversification opportunities.”
Workforce Reductions Expected
While Qualcomm is still in the process of developing its restructuring plans, the company expects these actions to primarily involve workforce reductions.
These job cuts, primarily in engineering and internal technical roles, come in response to declining smartphone chip demand. However, it anticipates incurring significant restructuring charges, with a substantial portion expected to materialize in the fourth quarter of fiscal 2023. The additional actions are projected to be substantially completed within the first half of fiscal 2024.
Layoffs by the Numbers
In this recent round of layoffs, a total of 1,258 employees will be affected. Out of this number, 1,064 employees hail from San Diego, with the remaining 194 located in Santa Clara. It’s worth noting that these workforce reductions do not entail the closure of any offices in either of the two regions. Qualcomm remains committed to its presence in both Santa Clara and San Diego.
$QCOM | Layoffs At Qualcomm: Over 1200 Positions On Chopping Block As Smartphone Chip Demand Takes A Dive
The layoffs do not come as a complete surprise, as Qualcomm’s Q3 earnings for 2023 revealed a 25% decrease in sales of mobile chips compared to the previous year, amounting to $5.26 billion. Simultaneously, net income saw a significant drop of 52% year over year in the last quarter.
Market Projections and Economic Factors
Qualcomm has expressed its anticipation of a further decrease in handset sales for the remainder of the year, projected to be at least a high-single-digit percentage. The company attributes this decline in sales to the challenges posed by a weakened global economy and a slow recovery in the Chinese market.
This news of layoffs at Qualcomm serves as a reminder of the ongoing challenges faced by tech companies in an ever-evolving industry. While these measures are undoubtedly difficult for the affected employees, Qualcomm’s aim is to adapt to the changing market landscape and emerge stronger, as it continues to navigate uncertain economic waters.
The possible escalation of the conflict between Israel and the Palestinian militant group Hamas is expected to have a ripple effect on the telecom industry, pushing up costs for importing critical 5G network equipment. This development could potentially disrupt the rollout of cutting-edge 5G networks by India’s top telecommunications providers, according to industry insiders, financial experts, and analysts.
A recent report in the Economic Times has shed light on the potential financial implications of this geopolitical turmoil. The report suggests that the cost of importing 5G network equipment could surge by as much as Rs 2,000-2,500 crore in the initial phase, significantly affecting the plans of telecom giants in India.
The root of this issue lies in the fact that a prolonged and widespread conflict could trigger a devaluation of the Indian rupee against the US dollar. This devaluation could lead to increased foreign debt servicing costs for telecom companies, impacting their profitability in the upcoming quarters. A substantial portion of the over $7 billion telecom sector debt in India is denominated in US dollars, making it vulnerable to currency fluctuations.
“The Israel-Hamas war has not yet caused an alarming fall in the rupee against the US dollar, but if it escalates and becomes a wider global conflict, there could be some currency volatility, with the rupee potentially falling by around 3-4% against the US dollar. This, in turn, would make the imports of 5G network gear more expensive, and since nearly two-thirds of the equipment used in domestic networks is still imported, it will be a considerable setback,” explained Rohan Dhamija, the head of Analysys Mason’s India & Middle East division, in an interview with ET.
It’s important to note that nearly 67% of telecom equipment used in India’s local phone networks is imported, primarily from global vendors like Ericsson, Nokia, and Samsung. Consequently, leading telecom giants such as Reliance Jio, Bharti Airtel, and Vodafone Idea (Vi) collectively allocate approximately $7 billion (over ₹58,000 crore) annually for imported network equipment, illustrating the potential magnitude of the cost escalation in the wake of currency depreciation and global conflicts.
As the Israel-Palestine conflict continues to unfold, telecom companies in India must closely monitor the evolving situation and its potential impact on their 5G network expansion plans. The interplay between international conflicts, currency exchange rates, and the telecom industry highlights the need for strategic planning and risk management in this increasingly interconnected world.
