As Tesla layoffs continue, here are 600 jobs cut in California

As part of Tesla’s massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it’s cutting approximately 600 more employees at its manufacturing facilities and engineering offices between Fremont and Palo Alto. The latest round of layoffs eliminated roles across the board — from entry-level positions to directors — and hit … Read more

Under Armour Restructuring Includes Layoffs & Less Product and Discounting

Kevin Plank is back and he’s not happy. In his first earnings call since returning to Under Armour as its chief executive officer, Plank laid out a significant restructuring plan that will include an unspecified number of layoffs, a 25 percent reduction in product, a renewed focus on its historic strength in menswear, substantially less … Read more

Laid-off Tesla employee Nico Murillo had been sleeping in his car, showering at factory to avoid 90-minute commute

Even a Tesla employee who was so dedicated to his job that he slept in his car and showered at the factory was not spared from mass layoffs at the EV company. Nico Murillo, 29, was informed he was let go from his employer of five years without warning last month. The production supervisor at … Read more

China Big Tech: Why many overworked employees are quitting to become entrepreneurs amid internet slowdown

Zoe Du used to be a typical employee at a Big Tech firm in China, putting in long hours, six days a week. One time, she fainted in the office after weeks of being on the job until 11pm every day. A veteran of more than 10 years in the internet industry, Du quit her … Read more

Elon Musk’s move to disband Tesla EV charging team blindsides car industry

Elon Musk’s abrupt decision to lay off employees who ran Tesla’s electric vehicle charging business blindsided automakers gearing up to equip new EVs for customers to use the Tesla Supercharger network, industry officials and analysts said on Tuesday. For now, General Motors, Ford and other automakers which struck deals last year to give customers access to the … Read more

How working for Big Tech lost ‘dream job’ status

Despite blockbuster earnings from giants such as Alphabet and Microsoft, layoffs continue to ripple through the tech industry., a platform monitoring job cuts in the tech sector, recorded more than 263,000 job losses in 2023 alone. As of April, there have been more than 75,000 job losses in the industry so far in 2024. … Read more

Leading IT firms in India lost close to 70K employees in last fiscal year

New Delhi: Amid the muted revenue growth in the Indian IT services sector due to global macroeconomic headwinds, leading IT companies saw a drop of nearly 70,000 employees in the last fiscal year (FY24). Infosys, Tata Consultancy Services (TCS), Wipro and Tech Mahindra, among others, lost maximum number of employees in FY24. While Infosys saw … Read more

Tesla cutting close to 2,700 jobs in Austin, over 3,300 in California

Tesla is eliminating 3,332 jobs across the state of California, and 2,688 jobs in Austin, Texas, according to Worker Adjustment and Retraining Notification (WARN) Act letters and notices filed in both states. The layoffs are part of a broader restructuring that the electric vehicle maker announced last week. In 2021, Tesla CEO Elon Musk moved … Read more

Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring

Vehicles sit parked outside the Tesla Inc. solar panel factory in Buffalo, New York, U.S., on Wednesday, Dec. 26, 2018. Andrew Harrer | Bloomberg | Getty Images Tesla is laying off 285 employees in the state of New York as part of a broader restructuring according to a WARN notice filed in the state. Most … Read more

How the U.S. government is regulating AI

The U.S. government is considering laws to help society adapt to the introduction of artificial intelligence. Early users of the technology are already seeing labor productivity gains. For example, Klarna, a buy now, pay later financial services provider, estimates that its AI assistant tool will increase its profit outcome by $40 million by the end … Read more