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Online education company for developers and IT professionals, <keyword id="2681073" type="General" weightage="100" keywordseo="pluralsight" source="Orion">Pluralsight</keyword>, which was recently valued at more than $1 billion has announced to lay off 20 per cent of its global workforce, about 400 employees. CEO Aaron Skonnard said in an email to employees he owns this outcome and "take full responsibility for the decisions that got us here". "I've spoken to all of you this year about the challenging economic environment we're operating in and how it has affected our business performance," he wrote. Unfortunately, these challenges have only accelerated in Q4 and, as a result, "today we are restructuring and reducing the size of our team, impacting roughly 20 per cent of our team members", he said late on Monday. Founded in 2004, Pluralsight had a net loss of $163.5 million in 2019 and $164 million in 2020, according to the US SEC documents. The CEO said that those impacted "can also look for additional communication from your executive about special All-Hands meetings for each organization later this week". "I'm sorry for the impact this will have on many of you, we've let you down during a difficult time," he added. Pluralsight is an online education company that offers a variety of video training courses for software developers, IT administrators, and creative professionals through its website. SEE ALSO: <a href="https://www.businessinsider.in/finance/news/indias-retail-inflation-hits-11-month-low-in-november-at-5-88/articleshow/96177420.cms">India's November retail inflation at 5.88%, within RBI's comfort band</a> <a href="https://www.businessinsider.in/business/corporates/news/dalmia-bharat-to-acquire-cement-power-plants-of-jaiprakash-associates-for-5666-crore-enterprise-value/articleshow/96175228.cms">Dalmia Bharat to acquire cement, power plants of Jaiprakash Associates for ₹5,666 crore enterprise value</a>

Online education company and unicorn Pluralsight lays off 400 employees

<ul><li>The fall in retail inflation has been due to the quick drop in vegetable prices .</li><li>Cereals and milk inflation, the top two contributors to food inflation, are still elevated and on an upward trend.</li><li>The Central Banks' decision to go for another rate hike in the February meeting will be a close call.</li></ul> With core inflation continuing to be high, credit rating agencies like Acuite Ratings &amp; Research and <keyword id="6431877" type="General" weightage="80" keywordseo="care-ratings" source="Orion">CARE Ratings</keyword> do not expect any significant downtrend in the retail inflation for the next few months. "It is a pleasant surprise to see the headline CPI inflation print at 5.88 per cent in Nov-22 from 6.77 per cent in Oct-22 since most market participants estimated it to be above 6.0 per cent. This is an eleven-month low figure and is clearly driven by the faster-than-expected decline in food inflation which stood at 5.1 per cent in the previous month," Suman <keyword id="41544" type="General" weightage="80" keywordseo="chowdhury" source="Orion">Chowdhury</keyword>, Chief Analytical Officer said. According to Chowdhury, the fall in retail inflation has been due to the quick drop in vegetable prices which is a seasonal phenomenon apart from the continuing softness in edible oil prices. "Nevertheless, the core inflation figure remains high for <keyword id="30067" type="General" weightage="50" keywordseo="rbi" source="Orion">RBI</keyword>'s comfort and has in fact moved up further to 6.29 per cent in Nov-22 from 6.23 per cent in Oct-22; on an MoM basis, the core inflation went up by 0.43 per cent, highlighting the embedded nature of the current inflationary environment," Chowdhury said. The moderately healthy, if not strong, momentum in domestic demand is leading to the holding up of the core inflation. Also, the base factor was relatively an advantage for the Nov-22 print which may not be the case for Dec-22. Therefore, we don't expect any significant trend downward for the CPI inflation for the next few months, Chowdhury said. "Given the core inflation trajectory, we continue to forecast an average figure of 6.7 per cent for CPI inflation in FY23. We also continue to expect another round of modest hike in Feb-23 which will take the terminal rate to 6.5 per cent or higher," Chowdhury said. According to CARE Ratings, though the inflationary pressures are on a declining trend, the war against inflation is still not over. The moderation in food inflation is comforting, but it is mostly led by vegetables which are susceptible to weather fluctuations. Cereals and milk inflation, the top two contributors to food inflation, are still elevated and on an upward trend, CARE Ratings said. In this context, better <keyword id="6384972" type="General" weightage="50" keywordseo="rabi" source="Orion">Rabi</keyword> acreage in the current season is a comforting factor. The strengthening of services inflation has led to sticky core price pressures despite easing of goods inflation. Taking cue from the recent data, the RBI will remain cautious to prevent inflationary expectations from spiralling upwards. However, with disappointing data from the <keyword id="6362048" type="General" weightage="50" keywordseo="manufacturing" source="Orion">Manufacturing</keyword> sector, the Central Banks' decision to go for another rate hike in the February meeting will be a close call. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/rupee-declines-20-paise-to-82-71-against-us-dollar-in-early-trade/articleshow/96188516.cms">Rupee declines 20 paise to 82.71 against US dollar in early trade</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/online-education-company-and-unicorn-pluralsight-lays-off-400-employees/articleshow/96187396.cms">Online education company and unicorn Pluralsight lays off 400 employees</a>

November retail inflation may be down, but the war against inflation is on say experts

Tata Motors on Tuesday said it will increase prices of its commercial vehicle range by up to 2 per cent from January to offset the impact of rising input costs. While the price increase will vary as per individual model and variant, it will be applicable across the entire range of commercial vehicles, the auto major said in a statement. The company has been absorbing a significant portion of the increased costs, but the steep rise in overall input costs has compelled it to pass on some proportion through this minimal price hike, it added. Tata Motors is the country's leading player in the commercial vehicle segment. The firm has already announced that it is looking to increase the prices of its passenger vehicles from next month to make its model range compliant with stricter emission norms, which kick in from April 2023. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/november-retail-inflation-may-be-down-but-the-war-against-inflation-is-on-say-experts/articleshow/96191403.cms" style="">November retail inflation may be down, but the war against inflation is on say experts</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/online-education-company-and-unicorn-pluralsight-lays-off-400-employees/articleshow/96187396.cms" style="">Online education company and unicorn Pluralsight lays off 400 employees</a>

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Online education company and unicorn Pluralsight lays off 400 employees

IANS

November retail inflation may be down, but the war against inflation is on say experts

IANS

Tata Motors to hike prices of commercial vehicles by up to 2% from January

PTI

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