Layoffs

Elon Musk faces scrutiny over his direct involvement in the hiring and firing processes at his companies, raising questions about the legality and efficiency of his management style. What Happened: The management approach of Musk has come under fire, with his hands-on role in personnel decisions at...

ByteDance Ltd.'s TikTok is reportedly planning to lay off a significant number of employees from its operations, content, and marketing departments as it battles President Joe Biden‘s new law forcing it to either divest or be banned. What Happened: The layoffs are expected to be announced on...

Tesla Inc. (NASDAQ:TSLA) has announced a 10% workforce reduction in Norway, providing all affected employees with a severance package What Happened: The company had to curtail the acceptance period for the severance packages from a week to three days due to high demand, according to TV2 reported on...

Tesla Inc. (NASDAQ:TSLA) Elon Musk reportedly dismissed almost the entire Supercharger division of Tesla, including its head Rebecca Tinucci, after Tinucci refused to lay off workers beyond the planned numbers. What Happened: Tinucci reportedly had a meeting with Musk to discuss the future of the...

Deepwater Asset Management’s Managing Partner Gene Munster has voiced concerns over the morale at Tesla Inc. (NASDAQ:TSLA) following the departure of several senior executives. However, he is hopeful that the company will improve its revenue growth by 2025. What Happened: On Thursday, Munster...

Barry McCarthy, CEO of Peloton Interactive, Inc (NASDAQ:PTON), has stepped down from his position. The company also announced a 15% cut in its global workforce, attributing the decision to a slump in demand for its fitness products in the post-pandemic era. What Happened: McCarthy’s...

This story was first published on the Benzinga India portal. As part of a significant cost-cutting strategy, Alphabet Inc's Google (NASDAQ: GOOGL) recently eliminated approximately 200 roles from its core team and relocated some positions to India and Mexico. The tech giant also slashed...

Nico Murillo was part of the large group of Tesla employees who were laid off by the EV giant earlier this month. Day Of The Layoff: In a post on Linkedin, Murillo recounted his experience starting from the morning of April 15 when he noticed that his work account was deactivated but dismissed it...

EV maker Rivian Automotive (NASDAQ:RIVN) is reportedly cutting another 1% of its workforce, just days after larger rival Tesla announced massive layoffs.  What Happened: While Rivian’s previous cut in February impacted product teams and those working on the company...

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), is being called upon to clarify the circumstances surrounding the recent layoffs at the company. The move comes in the wake of a challenging period for the electric vehicle giant, with investors seeking reassurances. What Happened: Wedbush analyst Dan...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has seen the departure of two of his top executives, including a senior vice president after the electric car maker reportedly laid off over 10% of its global workforce. What Happened: Senior Vice President Drew Baglino, who was responsible for engineering and...

Editor’s note: This story has been updated with more details from the report, context and a modified headline Electric vehicle giant Tesla, Inc. (NASDAQ:TSLA) is reportedly laying off over 10% of its global workforce to cut costs and eliminate duplicate roles. What Happened: The layoff aims...

The tech industry continues to experience layoffs, and Amazon.com Inc (NASDAQ:AMZN) is a significant player in shaping these trends. What Happened: Amazon CEO Andy Jassy recently expressed a commitment to cost-cutting while investing in artificial intelligence (AI). The declaration hints at the...

Apple Inc. (NASDAQ:AAPL) has reportedly concluded the third notable round of layoffs this year, following the downsizing of its Siri annotation team in San Diego, which impacted 121 people in January. Update: Initial reports about these layoffs may have been misleading. Mark Gurman has clarified in...

Bumble Inc. (NASDAQ:BMBL), the dating and social networking app, plans to lay off approximately 350 employees, constituting over 30% of its workforce. The decision was revealed as part of the company’s fourth-quarter earnings report. News of the layoff at Bumble comes amid a broader trend in...