A recent incident in Brooklyn involving a part-time worker of the New York City Parks has culminated in murder charges, enveloped in a hate crime context. The victim in question was an immigrant, further highlighting the menace of the crime. The crime has caused shockwaves, and is the focus of intense investigation.
In the wide-ranging landscapes of Africa marked by diverse regulations, distance employees and combined workplace structures, multiple establishments grapple with employee payment management issues. The dilemma is particularly acute due to the high reliance on basic tools such as Google Sheets and Excel by approximately 80% of small and mid-scale enterprises. These tools, although accessible to a certain extent, are not the most efficient for handling complex payroll systems.
Internationally renowned companies like Rippling and Gusto have been instrumental in simplifying payroll processes for businesses worldwide. Their contributions are undeniable, making multi-national business transactions a less daunting task. However, when it comes to Africa, their footing remains uncertain, grappling with the unique needs of the continent.
Continuing the journey into the world of mergers and acquisitions, Zomato, the eminent Indian food delivery corporation, has recently closed a significant deal. In a bid to extend its horizons beyond meal delivery, it has purchased the ticketing services of financial services firm Paytm. This is a clear strategic maneuver towards enhancing the scope of their ‘going out’ offerings.
The deal, valuing an astounding $244.1 million, is considered one of the largest mergers and acquisitions among modern Indian technology companies. Obtaining Paytm’s ticketing services implies a wider reach for Zomato: from movies and sporting events to a myriad of other experiences. The acquisition underlines Zomato’s commitment to expanding customer experience.
Under the terms of the agreement, Zomato will continue to offer these Services through Paytm’s flagship application for up to twelve months. This extension is intended to ensure a seamless transition post the acquisition. Further, about 280 Paytm employees are slated to join the Zomato team, reinforcing the latter’s strategic planning and operational capabilities.
Telling a story of remarkable growth, HR startup Rippling has evolved to become a $13.5 billion company. It boasts of a team exceeding 3,200 dedicated employees spread across different continents. This dramatic scaling has been led by founder and CEO Parker Conrad, tasked with steering the Rippling ship towards uncharted territories.