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 ...
The British billionaire's rocket company is ceasing its operations. Its stock has fallen by more than 89% this year. It is a blow that will resonate throughout the British aerospace industry for a ...
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 ...
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.
‘8x8 is losing their channel religion a little bit,’ one anonymous 8x8 partner tells CRN regarding the latest round of layoffs that reportedly include most of the cloud communication provider ...
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 plans to lay off more than 10% of its employees, multiple news outlets report, as the electric vehicle maker continues to struggle through a sharp sales slump. Tesla had 140,473 employees as ...
Shares of Tesla Motors are muted in the early premarket trading hours in New York after a report from the EV blog Electrek cited an "internal company-wide email" detailing layoffs at the EV ...
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 ...