Browsing: layoffs
Amid Tesla’s bloodletting, top exec sends Musk a message: The company has ‘taken its pound of flesh’
Tesla’s head of product launches Rich Otto resigned from the Elon Musk-led electric vehicle maker last week—and he signed off…
The sudden closure of several video-game studios at Microsoft Corp.’s Xbox division was the result of a widespread cost-cutting initiative…
Back when the Xbox 360 launched, Microsoft pushed the big budget game as a differentiator. Following all the recent layoffs,…
Tesla slashes its summer internship program to cut costs, as Elon Musk fights to save his $45 billion pay plan
Elon Musk’s latest cost-cutting victims: Summer interns. Tesla Inc. is rescinding offers just weeks before internships were set to start,…
Elon Musk reportedly sacked Tesla’s entire Supercharger team, including his top female manager
Elon Musk shocked Tesla fans on Monday after news leaked he was eliminating everyone at Tesla’s Supercharger operations, starting with…
Spotify CEO Daniel Ek surprised by how much laying off 1,500 employees negatively affected the streaming giant’s operations
When Spotify announced its largest-ever round of layoffs in December, CEO Daniel Ek hailed a new age of efficiency at…
Tesla guts newly formed marketing team despite investors demanding greater focus on ads as EV sales slow
Tesla Inc. slashed a newly formed marketing team as part of companywide layoffs, reversing course from a traditional advertising push…
Nike Inc. will have eliminated about 740 jobs at its headquarters by late June as part of its multiyear cost-cutting…
Tesla reportedly plans to cut over 10% of its global workforce—some 14,000 employees—in face of slowing EV demand
Tesla Inc. will reduce global headcount by more than 10%, Electrek reported, as the carmaker grapples with a slowdown in electric…
This is the published version of Forbes’ Future of Work newsletter, which offers the latest news for chief human resources…