Rivian Automotive will brief employees on potential layoffs. Plans to suspend some programs. Tesla will permanently shut its office in San Mateo, California. It will lay off 229 employees. Rivian Automotive (RIVN.O) will brief representatives on Friday on expected cutbacks and plans to suspend a few projects as a component of a more extensive rebuilding, … Read more
GameStop’s CFO was “fired because he was not the appropriate culture fit” source says. GamesStop has been reinventing itself to keep up with the online-dominant videogame industry. Shares of GameStop fell by more than 6% in extended trading. As part of an aggressive turnaround strategy, GameStop has removed its Chief Financial Officer, Mike Recupero, and … Read more
The number of new claims for unemployment assistance in the United States decreased last week. While labour markets remain extremely tight, layoff reports are increasing. This week, over 200 employees on Tesla’s autopilot team in California were laid go. The Fed’s aggressive rate raise campaign would have a significant negative impact on the economy. Despite … Read more
Most of the positions were laid off in the United States. Netflix will reduce expenses to maintain 20 percent profits. The streamer still has strong content plans, with a $17 billion budget for TV episodes and movies. As of Thursday, the streaming service laid off about 300 employees, according to the firm. The corporation is … Read more
