A MAJOR UK car dealership is closing 16 sites and cutting hundreds of jobs. The blow to CarStore sites, previously owned by Pendragon, comes just months after the company was taken over by US firm
The job cuts continue at Google and Rivian as both companies further trimmed their workforces Wednesday, part of a larger trend of layoffs in the tech industry this year. Google laid off an unspecified number of workers, though the cuts were not company-wide. The company classified them as a reorganization that was part of the normal course of business. Affected employees will be able to apply for internal roles. Google did not confirm or deny a report from Business Insider that teams in...
Tesla's global job cuts are hitting China, the automaker's biggest market after the United States, affecting staff in teams including sales, two sources briefed on the matter said. CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles. The two sources said some staff in Tesla's China sales team were being notified, with one...
Tesla's global job cuts are hitting China, the automaker's biggest market after the United States, affecting staff in teams including sales, two sources briefed on the matter said. CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles. The two sources said some staff in Tesla's China sales team were being notified, with one...
Technology giant Google is executing fresh layoffs in a bid to cut costs. The layoffs have impacted staff across Google’s real estate and finance departments, as per a Business Insider report. In the finance department, employees were let go in treasury, business services, and revenue cash operations.Google's finance chief Ruth Porat, in an email to staff, said that Google would build out its “growth hubs” in locations such as Bangalore, Mexico City, and Dublin as part of the restructuring, the...
The punishing media landscape is - allegedly - taking its toll on GB News, with multiple redundancies now expected.
Google layoffs: Tech giant Google announced major restructuring plans that could result in some employees getting fired, as per a report. Ruth Porat, chief financial officer at Google, sent a memo to employees informing them about company’s new plans, CNBC reported. What memo said on Google's restructuring plans?Ruth Porat wrote in the memo as per the report, “The tech sector is in the midst of a tremendous platform shift with Al. As a company, this means we have the opportunity to make more...
Women's participation in technology roles in non-tech businesses is expected to grow by nearly a quarter by 2027 across all levels, including freshers, junior, mid-senior, leadership, and C-Suite levels, a report said on Wednesday. The tech women's participation rate in non-tech industries stood at 19.4 lakh workforce in 2023, which is expected to grow by 24.3% to 24.1 lakh employees by 2027, TeamLease Digital's report - Women at the Heart of India's Digital Evolution, has revealed. With only...
In the first quarter of 2024, the two biggest manufacturers of electronic vehicles, Tesla and its Chinese rival BYD reports dramatic sales drops compared against the same time last year.
Thousands marched in Buenos Aires on Tuesday calling on President Milei to preserve university funding.
Alphabet's Google trimmed an unspecified number of employees from its workforce, a move it stated is part of a wider restructuring intended to simplify operations and increase efficiency.
Tesla is reportedly cutting more than 10% of its global staff of 140,000. The cuts for the company, which had nearly doubled its overall headcount since the end of 2020, is just the latest example of the effects of more competition and softer demand in the electric car sector. An email that CEO Elon Musk sent to staff over the weekend attributed the planned job cuts to the need for “cost reductions and increasing productivity,” according to a report from Reuters. It did not mention anything...