Once known for hiring hundreds of thousands every year, five of India’s top six information technology services companies reported a reduction of 73,600 in their total headcount in the last fiscal yearHCLTech, the third largest, was the only exception among the top six, as it added 1,537 employees in the year ended March 31, even as Tata Consultancy Services, Infosys, Wipro, Tech Mahindra and LTIMindtree reported a fall in their headcount. After accounting for the addition at HCLTech, the...
India's Ola has let go its chief executive, Hemant Bakshi, just four months after appointing him to the post, and is cutting about 180 jobs. © 2024 TechCrunch. All rights reserved. For personal use only.
In the quest to make electric vehicles more appealing to consumers, Polestar has taken a significant leap forward with its Extreme Fast Charging (XFC) technology. Developed in collaboration with StoreDot, this groundbreaking innovation allows an EV to charge from 10% to 80% in a mere 10 minutes, a feat that would typically take over 30 […]
In the two decades to 2019, global plastic production doubled. By 2040, plastic manufacturing and processing could consume as much as 20% of global oil production and use up 15% of the annual carbon emissions budget.
Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a U.S. media report. Elon Musk's EV company, which moved earlier this month to cut more than 10 percent of its 140,000 employes, will
There is little doubt that the electric car is here to stay so let us consider the pros and cons or whether you might be better off with a hybrid. The good news is that if you care about your immediate environment then an electric does reduce emissions as well as carbon footprint and you […]
Align: Vroom editors Paul Brian and Lauren Fix may be seasoned car industry experts, but that doesn't mean they're completely immune to the electric vehicle hype. "As far as looks spectacular," says Lauren. "Technology, amazing. And all of this entices you because the car manufacturers are doing something completely different than they did before." But those compliments come with some pretty big misgivings. Should you hop on board the EV bandwagon? Paul and Lauren recently sat down with me to...
Elon Musk has called for “absolutely hardcore” job cuts at Tesla, as the company lays off hundreds more employees in an attempt to control costs.
With billions being pumped into EV manufacturing, and more cars poised to hit the market, do Canadians want to buy those cars in the first place?
The role of AI prompt engineer attracted attention for its high-six-figure salaries when it emerged in early 2023. Companies define it in different ways, but its principal aim is to help a company integrate AI into its operations. Danai Myrtzani of Sleed, a digital marketing agency in Greece, describes herself as more prompter than engineer.…
Tesla has reportedly laid off employees across several departments over the last three weeks. These job cuts follow the automaker’s announcement three weeks ago that it was laying off 10% of its workforce, Electrek reported Monday (May 6). Workers in software, service and engineering roles have been impacted by the layoffs, according to the report. Tesla CEO Elon Musk […]
Luminar Technologies, a maker of lidar sensors for self-driving cars, said on Friday that it would cut its workforce by about 20%, as part of a restructuring plan for the current year. As of December last year, the company had nearly 800 full-time employees in the U.S., Germany, Sweden, India and China. Luminar is also looking to sub-lease some of its facilities in portions or fully, reducing global footprint as part of the restructuring. The plan will be implemented immediately and lead to an...