An SEC filing made by Take-Two reveals that it expects the cost-cutting efforts, which it calls "rationalizing its pipeline" and "streamlining its organizational structure," to incur costs of up to $200 million, including $35 million from employee-related costs and $140 million from canceled projects. There are also $15 million toRead Entire Article
Tesla is laying off more than 10% of its workforce globally, according to an email reportedly sent by CEO Elon Musk.
As Brownsville ISD lays plans to cut $20 million from a $450 million operating budget, it also should lock in spending for major maintenance and technology replacement, Superintendent Jesus H. Chavez said at a budget meeting this week.
NEW YORK -- Tesla CEO Elon Musk told employees on Monday that the electric
The company is dealing with lower demand and tough competition on prices.
Tesla Inc. will reduce global headcount by more than 10%, Electrek reported, as the carmaker grapples with a slowdown in electric vehicle demand.
Tesla’s mass layoffs will Buffalo especially hard. Reuters reports: “Tesla will lay off 285 employees in Buffalo, New York, as part of its plans to trim 10% of its global workforce, the electric-vehicle maker said in a legally mandated notice on Wednesday. Under pressure from falling sales and an intensifying price war for EVs, Tesla… Source
BP Pulse made some bad bets on EV charging and has shed over 100 employees in recent months
Israel’s leaders are fiercely pushing back against U.S. plans to withhold American assistance from an Israeli unit accused of human rights abuses. Axios and Israeli news outlets reported over the weekend that Secretary of State Antony Blinken intends to ban U.S. support to Israel’s Netzah Yehuda unit, the country’s all-male, ultra-Orthodox battalion at the center of several controversies in the West Bank that go back years. Netzah Yehuda has been repeatedly accused of shooting and assaulting...
It plans to sell 6.6 million shares of its class A common stock at $88 apiece, exceeding its earlier price range of $76-$84 apiece, Ibotta added. Increased buzz around artificial intelligence and hopes of a rebound in the U.S. IPO market from a two-year slump, buoyed by a possible soft landing for the economy have encouraged more tech companies to test the IPO waters. Ibotta, founded in 2011, provides a platform for brands to deliver promotions to customers and offer cash back rewards on their...
“The Connecticut delegation has questions about why, with that [FY24] appropriation in hand, this happened,” said Rep. Joe Courtney, D-Conn.
The NCM said it had tracked the incoming heavy rainfall but did not target any clouds during that period, attributing the storm to natural rainfall.