Latest wave of redundancies is the the EV-maker’s response to sluggish demand for electric cars in North America
New data show the corporate pay gap is widening — now lawmakers are proposing a crackdown.
"Cost reductions and increased productivity" needed, says Musk.
Amazon Bedrock update brings new custom model and guardrails capabilities to help deploy and secure generative AI in the cloud.
Ruth Porat, Google's CFO, sent an email to employees announcing that the
Tesla’s massive, companywide layoff round is set to slam California, with 3,332 workers across four cities losing their jobs in June. The Elon Musk-led automaker revealed the timing and scope of the layoffs in WARN filings with California on Monday; such documentation is required by the Worker Adjustment and Retraining Notification Act in the event of mass layoffs. Tesla’s cuts are hitting its Fremont locations hardest, with 2,267 layoffs across a dozen job sites. More than 1,400 of them are...
The Google spokesperson said the layoffs are not company-wide and that affected employees will be able to apply for internal roles, but did not specify the number of employees impacted nor the teams involved. The layoffs follow a slew of job cuts across Google, and the tech and media industry this year, adding to fears that layoffs may continue as companies grapple with economic uncertainty. Employees across several of Google' teams in its real estate and finance departments have been...
Jeep maker Stellantis is planning to lay off an unspecified number of workers at its U.S. factories in the coming months to deal with a rapidly changing global auto market, the company said Tuesday. The statement comes as the company faces increased capital spending to make the transition from gasoline
March and April brought the brutal news of layoffs to hundreds of workers at biotech and health tech companies in the Bay Area. Even as job cuts have seemingly slowed down in the wider tech industry this spring, four health-related companies announced sizable staff reductions. Genentech and Hinge Health cut portions of their Bay Area workforces, while Sanofi and Abbott Laboratories announced major facilities closures. All told, 807 people will lose their jobs. The layoffs were previously...
Tesla boss Elon Musk gave workers the bad news in an internal memo sent over the weekend. "Over the years, we have grown rapidly with multiple factories scaling around the globe. With this rapid growth there has been duplication of roles and job functions in certain areas. As we prepareRead Entire Article
There are some huge deals on wireless headphones on Amazon, with brands like Sony and Beats seeing big price cuts.
As wave after wave of layoffs crash over Bay Area companies and the wider tech industry, questions swirl about the causes of the cuts. Now, at least one answer is becoming clearer: Executives want fatter pockets for investing in artificial intelligence. In an interview on the Verge’s “Decoder” podcast published Monday, Dropbox CEO Drew Houston mounted a zealous argument for the importance of AI while defending his company’s 500-worker layoff in April 2023. The two things are linked, he said,...