workforce

Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019.Bloomberg /GettyTesla shares dipped about 6% on Friday on news that CEO Elon Musk plans for a hiring freeze and 10% job cuts at his electric vehicle and renewable energy venture.Reuters reported late Thursday on an e-mail Musk sent to Tesla executives saying he had a "super bad feeling" about the economy and called for the job cuts.The report followed news that Elon Musk is requiring all Tesla and SpaceX employees…

Tesla CEO Elon Musk wants to cut around 10 percent of jobs at Tesla, according to a report from Reuters. In an email to executives, he wrote that he has a "super bad feeling" about the economy. Including its subsidiaries, Tesla employed around 100,000 people as of the end of 2021, so any layoffs could be substantial. Tesla has struggled with production more than some automakers, as most of its vehicles bound for Asian and European markets are manufactured in China at its Shanghai factory. Like other firms that manufacture…

Bloomberg: Dubai-based ride sharing service Swvl plans to cut 32% of its workforce, or around 400 people, after going public via SPAC on April 1 — Sign up for our Middle East newsletter and follow us @middleeast for news on the region. — Swvl Holdings Corp., a Dubai-based ride sharing firm … Bloomberg: Dubai-based ride sharing service Swvl plans to cut 32% of its workforce, or around 400 people, after going public via SPAC on April 1 — Sign up for our…

Grocery app Gorillas, which promises to deliver goods in as quickly as 10 minutes, is laying off half of its office staff. In a press release, the company said it was letting go 300 employees from an estimated 600 “global office workforce.” (This workforce also includes roughly 14,400 staff working in warehouse and as delivery drivers.) The company is also planning to tighten its focus on five markets that account for 90 percent of its revenue: the UK, US, Germany, France, and the Netherlands. The company also operates…

Buy now, pay later products like Klarna's became wildly popular in the Covid pandemic.Noam Galai | Getty ImagesKlarna plans to lay off about 10% of its global workforce, making the buy now, pay later company the latest major tech name to announce job cuts.Sebastian Siemiatkowski, Klarna's CEO and co-founder, made the announcement to his employees in a pre-recorded video message Monday. The "vast majority" of Klarna employees won't be affected by the measures, he said, however some "will be informed that we cannot offer…

Online car dealer Carvana Co. CVNA -3.33% plans to lay off 12% of its workforce after closing a deal to expand operations that forced the company to borrow on onerous terms. Carvana CEO Ernie Garcia III said in an email to employees that the company had overshot its growth strategy and would cut around 2,500 workers, centered around the company’s operations. The email was viewed by The Wall Street Journal.…

Ventje is a car made for the work-from-anywhere types benefiting from the new hybrid and fully-remote workforce enabled by the COVID-19 pandemic. I’ve seen one in person and the build quality is impressive. It’s a German engineered Swiss army knife of Dutch design — on wheels. Ventje starts with a new or used VW Transporter van and uses CNC precision to convert the interior into a multi-purpose space to work, lounge, cook, eat, sleep, and play. And when the weather’s good, the interior can be transformed into outdoor…