Electric vehicle battery manufacturer Northvolt says construction of a $7-billion plant on Montreal’s South Shore will proceed as planned, despite announcing on Monday its intention to lay off 1,600 employees in Sweden. The Swedish multinational said it plans to cut 1,000 jobs in Skellefteå, 400 in Västerås and 200 in Stockholm — about a fifth of its … Read more
Tesla’s first-quarter net income plummeted 55 per cent, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate the production of new, more affordable vehicles. The Austin-based company said it made $1.13 billion US from January through March compared with $2.51 billion US in the same period a year ago. … Read more
Google said on Thursday it has terminated 28 employees after some staff participated in protests against the company’s cloud contract with the Israeli government. The Alphabet unit said a small number of protesting employees entered and disrupted work at a few unspecified office locations. “Physically impeding other employees’ work and preventing them from accessing our facilities … Read more
As members of Parliament accuse Bell Canada of corporate greed, the head of the company is defending its decision to cut thousands of jobs, citing a shift in Canadians’ viewing habits away from traditional TV. Liberals, Conservatives and New Democrats grilled CEO Mirko Bibic during often combative exchanges at a meeting of the House of … Read more
Is there a good way to lay off a remote worker? Four years after remote work became the norm for a huge section of the labour force, it appears some companies are still struggling with the etiquette of letting someone go virtually. And amid a gradually cooling labour market and mass layoffs in several sectors, such as media and the tech industry, it’s … Read more
Online shopping giant Amazon is eliminating hundreds of positions across its video production and distribution divisions, as the company announced layoffs at Amazon Prime Video, its MGM Studios division and livestreaming subsidiary Twitch. The latest cuts come as the company has eliminated more than 27,000 jobs over the past year, part of multiple rounds of technology industry … Read more
