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...BuzzFeed last year closed its news division and announced it was cutting its workforce by 15 per cent as part of an effort to slash costs....
...Tesla is cutting more than 10 per cent of its workforce — at least 14,000 jobs — as a worldwide EV slowdown and brutal price war hit the American automaker....
...To reduce costs, it will lay off 10 per cent of its workforce. Listen to what Musk says, however, and it sounds as if Tesla’s main concern is its expensive autonomous driving project....
...Tech companies have axed 34,000 jobs this year as they rejig their workforces to invest in new areas such as generative artificial intelligence to power their next phase of growth....
...Tesla is cutting 10 per cent of its global workforce. Mercedes-Benz has pushed back its electrification target. For Europe’s laggard carmakers, if not the planet, slowing EV growth isn’t all bad news....
...start of the year after warning of slowing vehicle deliveries, eroding profit margins, a potential move of its incorporation to Texas from Delaware and revealing plans to cut more than 10 per cent of its workforce...
...That such a large share of the workforce might be working for “a bunch of troubled portfolio companies” is . . . sobering? Then there are the banks....
And explaining the rising term premium
...Ford and General Motors have paused plans to expand their EV manufacturing capacity in recent months, and last week Rivian announced that it would cut 10 per cent of its workforce and keep deliveries flat...
...In January, the company announced it was sacking 12 per cent of its workforce, after cutting a quarter of jobs in an earlier lay-off round....
...It consolidated work done to stabilise the public finances after he took up the role in 2022 at the height of the turmoil caused by the Truss-Kwarteng “mini” Budget....
...The Arkansas-headquartered company brought in about $172bn in consolidated net sales in the three months to January....
...The decision could make it harder to reshape the industry — particularly for lower-cost carriers — which has consolidated rapidly over the past two decades, leaving it dominated by the four big carriers:...
...It also announced a 10 per cent cut to its salaried workforce....
...On Monday, it announced plans to lay off a 10th of its workforce. Reddit is unlikely to attempt a Snap-style voting right division....
...Some combination of new generations in the workforce and a pandemic-charged rise in remote working has resulted in a more casual tone. Suits, ties and other markers of formality are less popular....
...Citigroup said it expected to cut at least 20,000 jobs, about 10 per cent of its workforce, as the struggling US bank reported its worst quarter in 14 years....
...A version of this article was first published by Nikkei Asia on January 4. ©2023 Nikkei Inc. All rights reserved....
...Samii was part of a growing global workforce who labour in the service of algorithms. There are now more than a billion workers in their ranks in one form or another....
...Being seen to “fold” in Sweden could embolden its workforces elsewhere....
...“By the end of 2024, we expect to have a larger workforce as we continue adding people and building capabilities to support key areas of growth,” they wrote....
...Combined, this would represent a 29 per cent decrease in the company’s global workforce. The move is expected to generate $100mn in annual cost savings....
...“We have a much less experienced workforce at all these companies and throughout the supply chain, and that has been on the factory floor more than elsewhere,” he said....
...Google laid off 12,000 employees at the start of last year, about 6 per cent of Alphabet’s workforce....
...At the start of the year, chief executive Sid Sijbrandij blamed a tough macroeconomic environment for forcing the company’s hand in laying off more than 130 people — equal to 7 per cent of its workforce....
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