Richard Branson's Virgin Orbit is laying off about 675 employees, or 85% of its workforce, as the air-launched rocket company failed to find funding to sustain its operations. Most of the affected ...
Spotify is preparing to lay off 17% of its workforce or about 1,500 employees, as the company accelerates its profitability push. Chief Executive Daniel Ek announced the job cuts—the Stockholm ...
Tesla will cut more than 10% of its workforce globally as the company grapples with dimming growth prospects amid an overall slowdown in the growth of electric-vehicle sales. Top executive Drew ...
Open artificial intelligence model developer Stability AI Ltd. is laying off employees as part of a restructuring plan after founder and former Chief Executive Officer Emad Mostaque resigned ...
Tesla will lay off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles.
(Reuters) - Tesla will lay off more than 10% of its workforce, tech publication Electrek reported on Monday, citing an internal memo. Tesla told managers to identify critical team members, and ...
Tesla confirmed its laying off more than 10% of its global workforce following weak first quarter deliveries and increasing competition in the electric vehicle (EV) market, according to a filing ...
The firm said in November 2023 it had 5,000 employees, suggesting around 500 people are facing redundancy. It comes a day before Snap reports its fourth-quarter results - having reported a net ...
Copper wire rod was shredded in the remote Xinjiang Uyghur region by an intermediary to make it hard to distinguish from scrap, the sources said, allowing both exporters and importers to profit ...