Apple has laid off about 100 employees who worked on products like the Apple Books app and Apple News, Bloomberg reported Tuesday night. Apple informed the affected employees on Tuesday. The company has yet to make the move public. The layoffs impacted roles in the digital services group, including some engineering positions, but the team...
After reporting a $1.6 billion net loss for Q2 2024, Intel is aiming to cut costs by $10 billion by next year. On Thursday, the tech giant announced layoffs affecting more than 15,000 people, about 15% of Intel’s current workforce. In a Thursday memo to staff, Intel CEO Pat Gelsinger said that revenue hadn’t grown...
Elon Musk says that Tesla now has jobs open — three months after informing Tesla staff about layoffs affecting tens of thousands of people. A new analysis breaks down what these jobs are and where they’re located. On Monday, Musk posted on X that Tesla and xAI, his AI startup taking on ChatGPT, were looking...
U.S.–founded law firm Dechert is considering closing its offices in Hong Kong and Beijing, becoming the latest foreign firm to scale back in Greater China, two people said, amid a prolonged capital market downturn and growing Sino-U.S. tensions. Nurphoto | Nurphoto | Getty Images U.S.-founded law firm Dechert is considering closing its offices in Hong Kong and...
Elon Musk’s decision to lay off the majority of Tesla’s 500-person electric vehicle (EV) charging team, except for a few reassigned employees, has “blindsided” other carmakers who were depending on Tesla’s infrastructure for their new EVs, industry officials and analysts told Reuters on Tuesday. General Motors, Ford, and other automakers who signed deals to power...
Less than two weeks after Tesla announced its first year-over-year delivery drop since 2020, CEO Elon Musk sent an internal email to staff stating that the company would cut at least 10% of its global workforce. Musk’s memo, sent at close to midnight PST on Sunday in California, explained that “there has been duplication of...