1. Madhav Sheth has resigned as CEO of Realme India after five years and may join rival Honor.2. Reddit CEO Steve Huffman has addressed the subreddit blackout and asked employees to be mindful of wearing Reddit gear in public.3. Google plans to track employee attendance through badges and note their presence to encourage in-person collaboration.4. The Indian government is likely to approve a Rs 25,000 crore scheme for semiconductor manufacturing in Wednesday’s Cabinet meeting.
As per the analysis by recent reports, Madhav Sheth, CEO of Realme India, VP of Realme, and President of Realme International Business Group, has resigned from the company after five years. Sheth played a crucial role in Realme’s journey in India and announced his departure on his official Twitter handle on Wednesday. There are speculations that Sheth may join handset rival Honor, which is planning to restart operations in India. In his Twitter post, Sheth stated, “Goodbye can be disheartening, but the world is too small until we meet again. Farewell for now, but our paths may cross again soon, and that’s something to look forward to building a better and bigger me.”
Moving on to Reddit, the social discussion forum’s CEO, Steve Huffman, has informed employees that the subreddit blackout “will pass.” Huffman also urged Reddit staffers to be mindful of wearing Reddit gear in public as the company faces a massive protest by thousands of Reddit communities against its policy to implement API pricing changes or charge third-party apps for data access. Over 8,000 Reddit communities, with millions of subscribers, have started protesting against Reddit’s new API pricing changes that could kill off third-party apps.
Google is tightening its stance on the return-to-office requirement and plans to track employee attendance through badges and note their presence in their performance reviews. The tech giant aims to encourage in-person collaboration following the pandemic and plans to take a stricter approach towards employees who do not adhere to the three-days-a-week office policy. Initially, Google adopted a remote work model during the onset of the COVID-19 pandemic but later revised its policy, urging employees to work from the office for a minimum of three days each week.
In other news, the Indian Cabinet is expected to approve a list of schemes, including a Rs 25,000-crore scheme for semiconductor manufacturing, the City Bus Augmentation scheme worth Rs 62,000-63,000 crore to boost public transport in 169 cities, and the PM-PRANAM scheme that was announced in Budget 2023. The semiconductor PLI scheme is expected to boost the manufacturing of semiconductors in the country and reduce India’s dependence on foreign imports.
To bring the matter to a close, these are some of the top tech news stories making headlines today. From Madhav Sheth’s resignation from Realme to Google’s return-to-office crackdown, these developments have significant implications for the tech industry. As the world continues to grapple with the COVID-19 pandemic, it will be interesting to see how these companies navigate the challenges and opportunities that lie ahead.