Core Insights - Tesla is offering discounts on the Cybertruck to recover from declining sales, with up to $1,600 off new models and $2,600 off demo versions [1][6] - The company has moved workers from the Cybertruck production line to the Model Y line, indicating a shift in focus due to sales scrutiny [2] - Despite having two million reservations prior to release, the Cybertruck has contributed to Tesla's first annual sales decline in 2024 [3] Sales Performance - Tesla sold 85,000 "other vehicles," including Cybertrucks, Model X, and Model S in 2024, but specific Cybertruck sales figures are not disclosed [2] - The Cybertruck is reportedly turning a profit and outselling competitors like the Ford F-150 Lightning, yet it has not prevented the overall sales decline [3] Product and Pricing Strategy - The Cybertruck was initially priced over $100,000, with a cheaper all-wheel-drive version introduced at $80,000 in October [5] - Discounts are aimed at addressing price barriers for potential buyers, especially after multiple recalls in 2024 [4]

Boeing delivered 348 commercial aircraft last year, fewer than half as many as rival Airbus.It's the sixth year in a row Boeing has lagged behind its European competitor.After a troubling year, the planemaker has a plan to turn things around.Boeing reported last year's delivery figures late Tuesday, and they show the scale of the challenge that lies ahead. The embattled planemaker delivered 348 commercial aircraft in 2024 — down by just over a third since the year before. It was its lowest figure since the ...

Layoffs and Organizational Changes - Microsoft is laying off employees across multiple organizations including security, experiences and devices, sales, and gaming [1] - The layoffs are described as small but no specific figure was provided [1] - The layoffs are unrelated to the job cuts targeting underperforming employees across the company [1][4] - Employees in the security unit started receiving layoff notifications on Tuesday [3] Security as a Top Priority - Microsoft CEO Satya Nadella emphasized that security is the top priority in a tradeoff scenario [2] - In 2024, Microsoft declared security as its No 1 priority [4] - The company expanded its Secure Future Initiative last year, making security the top priority for every employee [5] - Security has become a core priority in employee performance reviews [5] Background on Security Issues - Microsoft has faced years of security issues, including a "cascade of security failures" that allowed Chinese hackers to access emails from thousands of customers [5] - The security unit is led by Charlie Bell, a former top cloud executive at Amazon, who joined Microsoft in 2021 to lead a revamped cybersecurity effort [3]

Meta's Performance-Based Job Cuts Strategy - Meta is implementing a strategy to increase non-regrettable attrition and remove the lowest performers to raise employee performance standards [1][2] - The company plans to finalize workforce cuts of about 5% by February 10 for US-based employees, with international notifications occurring later [1] - Meta may make performance-based job cuts an annual occurrence, as indicated in an internal FAQ document [4] Employee Compensation and Benefits - Employees impacted by performance reviews will still receive their February 15, 2025 vesting, any due dividends, and eligible bonuses [3] - Location will not influence employee ratings or termination risk, ensuring fairness in the review process [3] Communication and Transparency - The internal FAQ document, shared by Hillary Champion, Meta's director of people development growth programs, directly addresses the possibility of annual performance-related layoffs [4] - Meta is committed to a culture of high performance and is transparent about its plans to move faster in removing low performers [1]

Executive Departure - Mark Wiedman, a top BlackRock executive and potential successor to CEO Larry Fink, is leaving the firm to pursue opportunities outside [1][3][6] - Wiedman will stay through the spring to assist with the transition [1] - His departure comes a day before BlackRock's Q4 earnings report [7] Wiedman's Background - Wiedman has been with BlackRock for two decades, joining from the US Treasury Department [2] - He played a key role in the growth of BlackRock's ETF business, iShares, and helped establish the firm's consulting arm, FMA [2] CEO Succession - Rob Goldstein, BlackRock's COO, is also considered a potential successor to Fink [4] - Other candidates include CFO Martin Small and Asia-Pacific head Rachel Lord [4] BlackRock's Growth Strategy - CEO Larry Fink has been focused on expanding BlackRock's presence in private markets [5] - In 2024, BlackRock announced three major acquisitions, including the purchase of HPS Investment Partners, a private credit firm managing $148 billion [5] - Fink has been more vocal about growth plans than succession planning [7]

Group 1 - Starbucks is expanding its free refills policy to all customers at participating stores, effective January 27, allowing non-rewards members to receive refills at no extra cost with certain conditions [1][2] - The free refill offer includes hot and iced brewed coffee and tea, but excludes flavored iced tea, cold brew, nitro cold brew, iced tea lemonade, and Refreshers [2] - From February 12, rewards members will also need to use a reusable cup or ceramic mug to be eligible for refills, aligning with the new policy [3] Group 2 - Starbucks is reversing its open-door policy, which previously allowed non-paying guests to use store facilities, now limiting access to paying customers and staff [5][8] - The implementation of a Coffeehouse Code of Conduct is aimed at prioritizing paying customers and enhancing the café experience [6] - The changes are part of new CEO Brian Niccol's vision to make Starbucks cafés more inviting for customers [7]

Meta is planning to make performance-based cuts to its workforce, Business Insider has learned.Mark Zuckerberg has told employees he "decided to raise the bar on performance management" and act quickly to "move out low-performers," according to an internal memo seen by BI.AD The Meta chief wrote in a post on Workplace, the company's internal forum, that the company will be doing "more extensive performance-based cuts" during this year's peformance review cycle.AD Meta last week said it would dismantle its ...

Policy Change - Starbucks is reversing its open-door policy, which previously allowed non-paying guests to use restrooms or linger in stores [1][2] - The new policy reserves cafes, patios, and restrooms exclusively for paying customers and staff [2] - A customer is defined as anyone making a purchase or accompanying someone making a purchase [4] Implementation Details - The policy change will take effect on January 27 in all North American stores [4] - Signs displaying the new code of conduct will be posted in every store [4] - Staff will be trained to enforce the policy and may request violators to leave, with potential support from local law enforcement if necessary [4] Rationale and Context - The change aims to prioritize paying customers who wish to enjoy the cafes or use restrooms during their visit [3] - This reversal follows a 2018 open-door policy implemented after a controversial incident in Philadelphia where two Black men were arrested for sitting in a store without making a purchase [6] - The company's CEO, Brian Niccol, previously expressed a vision for Starbucks to serve as a "third space" for people to hang out [6] Customer Experience - Starbucks aims to create inviting spaces with comfortable seating and thoughtful design, distinguishing between "to-go" and "for-here" service [5]

Industry Overview - Most footwear brands launched six or more shoes in 2024, with Asics, Adidas, Brooks Running, and Hoka leading in running shoe launches [1] - Nike had fewer than six running shoe launches in 2024, trailing competitors like Asics and Adidas [1][7] - Brands like On Running and Hoka have been growing in popularity, with Brooks' Q2 2024 North American sales growing 19%, a quarterly record [2] Nike's Strategy and Performance - Nike is redefining itself as a "running brand" to improve sales and keep up with competition [1] - Nike's revenue for the brand grew only 1% last year, with the North America region being a drag [6] - The company acknowledges that a comeback at this scale takes time but sees early wins in key sports and innovation [3] Product Launches and Future Outlook - Asics launched or updated 11 performance running models in 2024, while Adidas and Brooks launched or updated 10 and nine models, respectively [5] - Nike only updated its current running shoe lineup and released no new models in 2024 [5] - Nike plans to launch the Pegasus Premium in late January and the Vomero 18 on February 25, with more models like the Vomero Plus, Premium, and new Structure model coming later in 2025 [5] - BMO analysts remain optimistic about Nike's 2025 lineup, citing a more promising launch schedule and positive consumer response [5][7] Leadership Changes - Nike brought veteran employee Elliott Hill out of retirement to take over as CEO in October 2024 [6]

Microsoft formed a new engineering group led by Jay Parikh to build AI tools.Microsoft anticipates AI agents will fundamentally change application development.The new CoreAI Platform and Tools group will combine various AI teams and build out GitHub Copilot.Microsoft has created a new engineering organization responsible for building its artificial intelligence platform and tools, according to an email CEO Satya Nadella sent to employees Monday morning.AD The new group will be led by Jay Parikh, Facebook's ...