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...
Earlier this month, CEO Elon Musk announced Tesla will slash its workforce by 10%.
MCF Advisors LLC decreased its position in SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS – Free Report) by 18.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 16,516 shares of the company’s stock after selling 3,670 shares during the quarter. MCF Advisors LLC’s holdings in SPDR Bloomberg 3-12 Month T-Bill ETF were worth […]
Latest wave of redundancies is the the EV-maker’s response to sluggish demand for electric cars in North America
Tesla will lay off 693 workers from its Gigafactory in Sparks, according to a notice filed last week with the Nevada Department of Employment, Training and Rehabilitation.
Meta Platforms, Inc. (NASDAQ: META ) Chief Operating Officer Javier Olivan
Bill gives app owner, ByteDance, a year to divest, and while Biden is expected to sign it, the company plans to fight itThe Senate voted Tuesday to pass a bill that will either ban TikTok or force a sale of the short-form video app, giving its China-based parent company ByteDance up to one year to divest its crown jewel before facing deletion from US app stores.The vote was a landslide, with 79 senators voting in favor and 18 against. The bill passed in the House on Saturday by a margin of 360...
Embracer Group has raised new financing and it will break itself into three publicly traded game companies.
Oleksandr Zinchenko’s Arsenal future is under threat as he could be sold this summer. Here are 3 winners and 2 losers from Arsenal selling Oleksandr Zinchenko.
The longtime Connecticut home of late Broadway legend Stephen Sondheim sold for the full asking price of $3,250,000. After hitting the market last November, the Roxbury property, which includes a main house, one-bedroom pool house, and a detached garage, found a buyer in just 12 days, according to Klemm Real Estate, the firm with the [] The post Stephen Sondheim’s Connecticut country home sells for $3.25M first appeared on 6sqft.
Ruth Porat, Google's CFO, sent an email to employees announcing that the
YORK COUNTY, Pa. — Multiple construction workers are dead and a major