Latest news with #Rajaram
India.com
4 days ago
- Business
- India.com
Meet Ambiga Subramanian, faced many problems, separated from husband, youngest self-made female millionaire in India, her business was…
Ambiga Subramanian was leading Mu Sigma as its CEO. She is the first woman to head this startup. The company is of $1.5 billion and has remained in profit since it was established. She was born in Chennai and completed her bachelor's degree in Electrical engineering from Anna University, Chennai. After graduation, she went to USA and did MS in Computer Engineering from Wayne State University, Michigan. She joined Motorola in 1998 as Research Lead in 1998. The she joined Mu Sigma, a data analytics firm which was started by her ex-husband, Dhiraj Rajaram in 2004. There were several ups and downs in her personal life. She separated from her husband and left Mu Sigma in 2016 after working for several years as its CEO, COO. After this she started working on a social networking application, in 2018, according to Business world. After exiting from Mu Sigma she sold 24 percent of her stakes to Dhiraj after their divorce. She then started investing in a number of companies in the world like Box8, Piper Biosciences, Innov8, CarterX, ICE Creative Excellence and others. Subramanian was ranked fourth after Kiran Mazumdar-Shawwhen her net worth was around Rs2,500 crore ($381 million). Subramanian and Rajaram first met in the early 1990s at the Engineering college. Rajaram worked with consultancies like Booz Allen Hamilton and PwC before starting his own business with Mu Sigma. However, 2016 was not good as the company faced an internal crisis when Subramanian and Rajaram got divorced, and many employees left the company in the crisis. This led to a chaos to a business. In 2016, Mu Sigma's revenues fell to $165 million, from $184 million and the fall reduced when Rajaram bought out Subramanian's stake. Ambiga Subramanian is now working for her startup and not given much public appearance.
Yahoo
27-02-2025
- Business
- Yahoo
Meta must face lawsuit claiming it prefers cheaper foreign workers
By Jonathan Stempel (Reuters) - A federal judge on Tuesday said Meta Platforms must face a lawsuit claiming that the Facebook and Instagram parent prefers to hire foreign workers because it can pay them less than American workers. U.S. Magistrate Judge Laurel Beeler in San Francisco said three U.S. citizens who accused Meta of refusing to hire them though they were qualified may pursue a proposed class action. The plaintiffs - information technology worker Purushothaman Rajaram and software engineer Ekta Bhatia, both naturalized U.S. citizens, and data scientist Qun Wang - said they each applied for several Meta jobs between 2020 and 2024, but were turned down because of Meta's "systematic preference" for visa holders. Meta, in a statement, said the allegations were baseless and it would continue to vigorously defend itself against them. In seeking a dismissal, the Menlo Park, California-based company said there was no proof it intended to discriminate, or would have hired the plaintiffs if they were not U.S. citizens. But the judge cited statistics that 15% of Meta's U.S. workforce holds H-1B visas, which typically go to foreign professionals, compared with 0.5% of the overall workforce. She also cited Meta's October 2021 agreement to pay up to $14.25 million, including a civil fine, to settle federal government claims it routinely refused to consider American workers for jobs it reserved for temporary visa holders. "These allegations support the plaintiffs' overall complaint that they were not hired because Meta favors H-1B visa holders," Beeler wrote. The government had sued Meta in December 2020, seven weeks before President Donald Trump ended his first White House term. "We are hopeful that the lawsuit will help remedy the favoritism towards visa workers that is common in the tech industry," Daniel Low, a lawyer for the three plaintiffs, said in an email. "Fully addressing the issue will require additional enforcement or legislative reform." Beeler had dismissed an earlier version of the lawsuit, which named only Rajaram as a plaintiff, in November 2022. A divided federal appeals court revived the case last June, saying a Civil War-era law barring discrimination in contracts based on "alienage" protected U.S. citizens from bias. Many conservative groups have cited that law, Section 1981 of the Civil Rights Act of 1866, in challenging diversity initiatives in the workplace, which Trump also opposes. The case is Rajaram et al v Meta Platforms Inc, U.S. District Court, Northern District of California, No. 22-02920. Sign in to access your portfolio
Yahoo
25-02-2025
- Business
- Yahoo
Meta must face lawsuit claiming it prefers cheaper foreign workers
By Jonathan Stempel (Reuters) - A federal judge on Tuesday said Meta Platforms must face a lawsuit claiming that the Facebook and Instagram parent prefers to hire foreign workers because it can pay them less than American workers. U.S. Magistrate Judge Laurel Beeler in San Francisco said three U.S. citizens who accused Meta of refusing to hire them though they were qualified may pursue a proposed class action. Meta and its lawyers did not immediately respond to requests for comment. The plaintiffs -- information technology worker Purushothaman Rajaram and software engineer Ekta Bhatia, both naturalized U.S. citizens, and data scientist Qun Wang -- said they each applied for several Meta jobs between 2020 and 2024, but were turned down because of Meta's "systematic preference" for visa holders. Meta, based in Menlo Park, California, said there was no proof it intended to discriminate, or would have hired the plaintiffs if they were not U.S. citizens. But the judge cited statistics that 15% of Meta's U.S. workforce holds H-1B visas, which typically go to foreign professionals, compared with 0.5% of the overall workforce. She also cited Meta's October 2021 agreement to pay up to $14.25 million, including a civil fine, to settle federal government claims it routinely refused to consider American workers for jobs it reserved for temporary visa holders. "These allegations support the plaintiffs' overall complaint that they were not hired because Meta favors H-1B visa holders," Beeler wrote. The government had sued Meta in December 2020, seven weeks before President Donald Trump ended his first White House term. "We are hopeful that the lawsuit will help remedy the favoritism towards visa workers that is common in the tech industry," Daniel Low, a lawyer for the three plaintiffs, said in an email. "Fully addressing the issue will require additional enforcement or legislative reform." Beeler had dismissed an earlier version of the lawsuit, which named only Rajaram as a plaintiff, in November 2022. A divided federal appeals court revived the case last June, saying a Civil War-era law barring discrimination in contracts based on "alienage" protected U.S. citizens from bias. Many conservative groups have cited that law, Section 1981 of the Civil Rights Act of 1866, in challenging diversity initiatives in the workplace, which Trump also opposes. The case is Rajaram et al v Meta Platforms Inc, U.S. District Court, Northern District of California, No. 22-02920. Sign in to access your portfolio
Reuters
25-02-2025
- Business
- Reuters
Meta must face lawsuit claiming it prefers cheaper foreign workers
Feb 25 (Reuters) - A federal judge on Tuesday said Meta Platforms (META.O), opens new tab must face a lawsuit claiming that the Facebook and Instagram parent prefers to hire foreign workers because it can pay them less than American workers. U.S. Magistrate Judge Laurel Beeler in San Francisco said three U.S. citizens who accused Meta of refusing to hire them though they were qualified may pursue a proposed class action. Meta and its lawyers did not immediately respond to requests for comment. The plaintiffs -- information technology worker Purushothaman Rajaram and software engineer Ekta Bhatia, both naturalized U.S. citizens, and data scientist Qun Wang -- said they each applied for several Meta jobs between 2020 and 2024, but were turned down because of Meta's "systematic preference" for visa holders. Meta, based in Menlo Park, California, said there was no proof it intended to discriminate, or would have hired the plaintiffs if they were not U.S. citizens. But the judge cited statistics that 15% of Meta's U.S. workforce holds H-1B visas, which typically go to foreign professionals, compared with 0.5% of the overall workforce. She also cited Meta's October 2021 agreement to pay up to $14.25 million, including a civil fine, to settle federal government claims, opens new tab it routinely refused to consider American workers for jobs it reserved for temporary visa holders. "These allegations support the plaintiffs' overall complaint that they were not hired because Meta favors H-1B visa holders," Beeler wrote. The government had sued Meta in December 2020, seven weeks before President Donald Trump ended his first White House term. "We are hopeful that the lawsuit will help remedy the favoritism towards visa workers that is common in the tech industry," Daniel Low, a lawyer for the three plaintiffs, said in an email. "Fully addressing the issue will require additional enforcement or legislative reform." Beeler had dismissed an earlier version of the lawsuit, which named only Rajaram as a plaintiff, in November 2022. A divided federal appeals court revived the case last June, saying a Civil War-era law barring discrimination in contracts based on "alienage" protected U.S. citizens from bias. Many conservative groups have cited that law, Section 1981 of the Civil Rights Act of 1866, in challenging diversity initiatives in the workplace, which Trump also opposes. The case is Rajaram et al v Meta Platforms Inc, U.S. District Court, Northern District of California, No. 22-02920.
