Tesla CEO Elon Musk seemed to retract his statements about job cuts. He said the amount of salaried staff may not change drastically. Tesla’s headcount is expected to increase over the next 12 months, he said in a reply to a Twitter account. Subsequent to sending an email about work cuts for salaried staff, Tesla … Read more
RIYADH: The National Observation of Labour (NLO) revealed an increase of one per cent in the Saudisation rate in the private sector, adding around 60,000 more employees to the labour market during the third quarter of 2021. The current rate of Saudisation is 23.6 per cent of the total employees in the private sector, according … Read more
British Airways (BA) has announced plans to reduce 12,000 jobs, nearly 30 percent of its workforce. Media reports said that Chief Executive Alex Cruz, who himself reportedly on a basic salary of over £1.3 million, wrote to staff, saying, “There is no government bailout standing by for BA and we cannot expect the taxpayer to offset … Read more
