UC Web owned by Alibaba suspends India’s operations

Recently, the Indian government decides to suspend 69 Chinese Apps due to the tensions at the border. Due to that yesterday, UC Web owned by Alibaba suspends India’s operations. It also lays off 90% of its total of 350 employees

UC Web, owned by Alibaba suspends India's operations

Various employees across several levels of experienced, associate, entry-level positions are informed via video conferencing about the layoffs. These employees have a 30 days notice period.

On June 29, the Indian government decides to suspend several Chinese apps including Tik Tok, UC Browser, We Chat, Helo, etc. Among these, Tik too has the biggest user base with 200 million active users

A spokesperson belonging to UC Web says that they align with the government’s decision to block these apps. He didn’t announce any plans further.

On Thursday, the Indian employees who are working at Alibaba’s video blogging platform Vmate are also laid off. The UC Browser, owned by Alibaba has a user base of 430 million across the world. Out of them, 130 million are Indians.

The UC browser is the second most used browser in the country, next to Chrome.

Also, read: SBI plans to adopt work from home model and save 1000 crore

India accounts for 5% downloads of all these banned apps in the Play Store and the App Store of iOS. Earlier to the ban, these Chinese firms announced their plans to expand their business and further invest in the country.

Tiktok and Helo’s parent company ByteDance announces that it is going to invest $1 billion in the country. Alongside, UC Browser announces the plans regarding launching an e-commerce store and also sell movie tickets

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SBI plans to adopt work from home model and save 1000 crore

The corona pandemic has changed a lot about the working model in the country. Almost all the firms are adapting new work models in order to cope up with it. Recently, SBI says it has plans to adopt work from home model and save 1000 crore

SBI plans to adopt work from home model and save 1000 crore

The SBO chairman, Mr. Rajnish Kumar says that by adopting work from anywhere policy, the company is going to save about 1000 crore. This is in the form of cost-cutting and will help run the business in these times

He further adds that the bank is in a good position to tackle the challenges of coronavirus. During the video conference of the annual shareholder’s meeting, he says that SBI aims to focus on the reskilling of the workforce.

He also emphasizes the idea of moving the workforce from administrative roles to sales. He says that the bank wants to implement the Work-from-anywhere policy to improve the work-life balance of its employees.

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Also, he reiterates the idea of taking proactive measures to help the borrowers and maintain asset quality.

SBI also has plans ready to double the number of users of its YONO app in the next six months. Several new features are being added to the app.

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