Tesla plans to cut 601 jobs from its facilities in the San Francisco Bay Area. According to government filings from Monday, Tesla will lay off 223 workers at its Palo Alto facility and 378 from its Fremont plant. The layoffs will begin June 20 and are expected to affect mechanics, engineers and technicians. The firings […]
Layoffs at electric vehicle maker Tesla keep rolling a month after the company announced it would cut 10% of its global workforce. While no exact numbers have been revealed, several Tesla employees reported being let go over the weekend. The cuts reportedly affected several programmers and engineers at the company. Electrek, which covers EV and […]
Even interns aren’t safe from Tesla’s recent layoffs. According to several social media posts, Tesla has started canceling summer internships, even before they were to have started. This week, dozens of young professionals on LinkedIn posted that their dreams of working for Tesla over the summer were dashed by a phone call. “After a single […]
Tesla CEO Elon Musk confirmed that his company will continue expanding its electric vehicle charging network around the U.S., but at a slower pace amid layoffs at the Supercharger department. “Tesla still plans to grow the Supercharger network, just at a slower pace for new locations and more focus on 100% uptime and expansion of […]
Skeptical consumers are not rushing out to buy the electric vehicles that virtue-signaling, climate-obsessed elites have tried to sell them. On Monday, Reuters reported that the EV-manufacturing behemoth Tesla would slash 10 percent of its global workforce. Meanwhile, two top Tesla executives announced their departure from the company. News of the layoffs came via an […]
Who could possibly have seen this coming? California’s minimum wage for fast food workers is going up next week and some chains are already planning layoffs in response. Newsom signed the bill raising the minimum wage last September. When it takes effect on April 1, fast food workers in California will have the highest guaranteed […]
If you’re at all old enough to recall the “dot-com bubble” bursting in the early aughts, the current state of the tech industry should seem depressingly familiar to you. Back in the mid-’90s, with the advent of the internet, online e-commerce was booming at unprecedented levels, and businesses invested in that market — to a […]
When government leaders and virtue-signaling billionaires make poor decisions, they never seem to suffer consequences. Only the victims of their arrogance and greed have to pay the price. In a news release Wednesday, the Amazon-backed electric-vehicle manufacturer Rivian announced poor fourth-quarter 2023 financial results and dismal 2024 expectations, which led to a 17 percent decline […]
Blockbuster job growth in the past several months has coincided with high-profile layoff announcements by a number of large companies. So, how are both occurring at the same time? It’s not as contradictory as it might seem. Recent job cuts have been concentrated mainly in just a few sectors: technology, finance and media. Relative to […]
The number of Americans filing for jobless benefits rose last week to the highest level in 11 weeks, though layoffs remain at historically low levels. Applications for unemployment benefits climbed to 224,000 for the week ending Jan. 27, an increase of 9,000 from the previous week, the Labor Department reported Thursday. The four-week average of […]
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