Core Insights - Tesla has initiated layoffs affecting its recruiting staff, with some employees informed on Friday morning [2][4] - Elon Musk announced a company-wide reduction of more than 10% of Tesla's workforce, citing duplication of roles due to rapid growth [4] - The layoffs come amid slower demand for Tesla's electric vehicles, with the company's stock down approximately 35% year-to-date [5] Layoff Details - The layoffs were confirmed by three former Tesla recruiters who received notifications via calls [2] - The exact number of employees affected by this round of layoffs remains unclear [2] - The layoffs were part of a broader strategy to streamline operations following a period of rapid expansion [4] Executive Changes - On the same day as the layoff announcement, two executives, Drew Baglino and Rohan Patel, resigned from Tesla [4] - The resignations indicate potential shifts in leadership and strategy within the company [4] Market Context - Tesla's stock performance has been negatively impacted, reflecting challenges in demand for its electric vehicles [5] - The upcoming earnings report scheduled for April 23 may provide further insights into the company's financial health and operational adjustments [5]

Apple just removed WhatsApp, Signal, and other messaging apps from its Chinese app store.Big Tech is used to these compromises in order to do business in various parts of the world.But it could happen in the US, too, if a TikTok ban bill becomes law. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address ...

Tesla sent notices canceling some separation agreements, according to two laid-off employees and a notification seen by Business Insider.Elon Musk previously stated some severance packages were "incorrectly low."The cancellations came after some workers received severance offers for two months of pay. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalize ...

Google doubled down on its messaging to employees about staying focused on work.Sundar Pichai said in a blog post the office isn't a place to "debate politics."Google fired 28 workers involved in protests against its $1.2 billion contract with Israel. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewNetflix said it grew subscribers by 9.33 million worldwide in Q1 — double what Wall Street had expected.Boosting its performance was the company's crackdown on password sharing, which has led to n ...

Netflix will stop regularly releasing subscriber statistics starting next year.The streaming giant added 9.3 million paying users in the last quarter — a great result that Wall Street normally rewards.But Netflix says those numbers no longer reflect its real value. Will Wall Street go for that? NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed ...

Google is merging more parts of the company in an effort to move faster in AI.Google's DeepMind chief has gained more power, while the head of Pixel will also oversee Android.The changes put more firepower behind some key Google products, and could help it launch faster. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. ...

TSMC sees growth in the microchip industry slowing to 10%, it said in a post-earnings call. The dimmed outlook comes on slowdown expectations for automotive chips. But the firm still projects strong AI-led revenue growth in the second-quarter. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By c ...

Core Insights - Tesla has laid off 280 workers at its Buffalo, New York facility, representing approximately 14% of the workforce at that site [2][4] - The layoffs are part of a broader reduction where CEO Elon Musk announced cuts of more than 10% of the company's overall workforce [3][4] - The Buffalo facility is crucial for training Tesla's driver-assist software and producing energy storage products, including solar panels and EV charging components [4] Layoff Details - The layoffs were disclosed in a regulatory filing under the Worker Adjustment and Retraining Notification Act, which mandates companies with over 100 employees to provide 60 days' notice before significant layoffs [2] - Severance packages offered to laid-off workers equate to two months' pay, potentially addressing compliance with the WARN Act [4] Impact on Workforce - The layoffs affected workers not only in Buffalo but also across Tesla's operations in California, Texas, and international offices [4] - Notifications of termination were issued immediately to the affected employees following Musk's announcement [3]

Core Viewpoint - A whistleblower from Boeing has alleged a "criminal coverup" related to the investigation of a January incident involving an Alaska Airlines flight, raising serious safety concerns about the 737 Max aircraft [2][3]. Group 1: Whistleblower Allegations - Ed Pierson, a former senior manager at Boeing, testified that there are existing records contradicting Boeing's claims of no documentation regarding the removal of a door plug on a 737 Max 9 [2][3]. - Pierson stated that he personally provided these documents to the FBI, indicating that an internal whistleblower had sent him the relevant information [2][3]. - He emphasized that discussions about the absence of records are inaccurate, asserting that the documentation has been available for months [3]. Group 2: Investigation and Safety Concerns - The National Transportation Safety Board (NTSB) reported that key bolts securing the door plug were missing, which raises significant safety issues for the 737 Max aircraft [2]. - The FBI is currently investigating whether criminal charges should be filed against Boeing in light of the incident, with passengers being informed they might be victims of a crime [3]. - Boeing's stock has reportedly fallen by a third since the beginning of the year, reflecting the ongoing challenges faced by the company [3]. Group 3: Boeing's Response - Boeing has not directly addressed Pierson's allegations but stated that it has taken steps to improve its safety culture since 2020, encouraging employees to voice concerns [4]. - The company maintains that it prioritizes safety and quality, asserting transparency in communications with regulators and stakeholders [4].