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Tesla to Reportedly Begin Selling Imported EVs in India by April, Showroom Locations Finalised
Elon Musk’s Tesla has long been rumoured to foray into India’s electric vehicle (EV) market but has faced several hurdles related to localised factory investments, regulations, and high taxes. Now, a recent report suggests that the US-based company could finally be gearing up to bring its fleet of EVs to the country, beginning with several impo...
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Meta Starts Eliminating Jobs in Shift to Find AI Talent
Meta has started notifying “low-performers” that they are being laid off. The company is scouring for new talent to dominate the AI race. The company is offering US-based employees severance packages that include 16 weeks of salary, in addition two weeks for each year of service.
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Swedish Fintech Company Stopped All Hiring Since Last Year Replacing Workers With AI
Klarna said earlier this year that its AI assistant, which is powered by OpenAI, is doing the work of 700 full-time customer service agents.
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Uber Hires Former Executive of Tesla's Charger Division to Oversee EV Shift
Uber has hired former Tesla Inc. executive Rebecca Tinucci to oversee its shift to electric vehicles (EVs). Tinucci will start on September 16 as global head of sustainability, according to an internal company announcement Tuesday obtained by Bloomberg News.
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Layoffs in 2024: Google, Microsoft, UPS, More Fire Over 30K Employees in January; Coming Months Can Be Worse
Wipro became the latest to join the ongoing layoffs by tech companies after reports claimed the company would let go of 1,000 employees. It will join the ranks of Google, Microsoft, Amazon, UPS, PayPal, SAP, Twitch, Discord, Swiggy, Flipkart, and other organisations that have already reduced headcounts by hundreds. The total jobs lost in one month ...
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Apple Ramps Up 6G Technology Development Amid Challenges With In-House 5G Modem: Gurman
Apple is working on 6G technology, even as the company reportedly faces challenges in the development of its in-house 5G modem. Spotted by Bloomberg's Mark Gurman, Apple's recent job listing shows the company is looking to hire engineers to work on 6G technology as part of its Wireless Technologies and Ecosystems team and develop 6G reference archi...
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SpaceX Sued by US Justice Department Over Alleged Discrimination in Hiring
The US Justice Department sued Elon Musk-owned rocket and satellite company SpaceX on Thursday for allegedly discriminating against asylum seekers and refugees in hiring. In job postings and public statements over several years, SpaceX wrongly claimed that under federal regulations known as export control laws, SpaceX could hire only US citizens an...
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This Chinese Firm Wants Candidates Who Don't Smoke, Drink, Eat Meat
A job posting by a Chinese company says that it is looking for a candidate who doesn't smoke, consume alcohol or eat meat.
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60,000 IT Sector Contract Workers Lost Jobs In A Year: Recruitment Body
Nearly 60,000 outsourced contract workers lost jobs in the information technology sector in the year ending in March as jobs for flexi workers hired through contractors by companies shrank 7.7% from a year earlier, a recruitment body said.
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Netflix Plans to Cut Spending by $300 Million; No Layoffs Expected: Report
Netflix plans to cut its spending by $300 million (nearly Rs. 2,465 crore) this year, the Wall Street Journal reported on Friday, citing people familiar with the matter. Company leaders urged staffers to be judicious with their spending, including in relation to hiring, but said there would be no hiring freeze or additional layoffs, according to t...
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Dropbox to Reduce Workforce by 16 Percent, Plans to Hire New Staff for AI Offerings
Cloud storage provider Dropbox said on Thursday it would reduce its global workforce by 16 percent to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. Dropbox's chief executive officer, Drew Houston, said the company's core cloud business growth was slowing as challenges from the economic downturn put pr...
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US Tech Company Dropbox Slashes 16% Of Workforce Amid "Slowing Cloud Growth"
Cloud storage provider Dropbox Inc said on Thursday it would reduce its global workforce by 16% to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings.
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India Renews Push For Easier Visas For Its Companies In UK: Report
India will keep pushing for easier visa rules for skilled professionals hired by its companies investing in Britain as it looks to finalise a free trade pact with the UK by end-2023, according to people with knowledge of the matter.
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Facebook Parent Meta to Lay Off 10,000 Employees Just Four Months After First Round of Job Cuts
Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs. "We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired," Chief Executive Of...
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Big Tech Is Firing Employees by the Thousands. Why? and How Worried Should We Be?
Since the end of the pandemic hiring spree, large numbers of employees have been fired from major tech companies, including Alphabet (12,000 employees), Amazon (18,000), Meta (11,000), Twitter (4,000), Microsoft (10,000) and Salesforce (8,000). Why exactly led to this massive shakeout? And what does it mean for the industry, and you?
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Tesla to Reportedly Begin Selling Imported EVs in India by April, Showroom Locations Finalised
Elon Musk’s Tesla has long been rumoured to foray into India’s electric vehicle (EV) market but has faced several hurdles related to localised factory investments, regulations, and high taxes. Now, a recent report suggests that the US-based company could finally be gearing up to bring its fleet of EVs to the country, beginning with several impo...
-
Meta Starts Eliminating Jobs in Shift to Find AI Talent
Meta has started notifying “low-performers” that they are being laid off. The company is scouring for new talent to dominate the AI race. The company is offering US-based employees severance packages that include 16 weeks of salary, in addition two weeks for each year of service.
-
Swedish Fintech Company Stopped All Hiring Since Last Year Replacing Workers With AI
Klarna said earlier this year that its AI assistant, which is powered by OpenAI, is doing the work of 700 full-time customer service agents.
-
Uber Hires Former Executive of Tesla's Charger Division to Oversee EV Shift
Uber has hired former Tesla Inc. executive Rebecca Tinucci to oversee its shift to electric vehicles (EVs). Tinucci will start on September 16 as global head of sustainability, according to an internal company announcement Tuesday obtained by Bloomberg News.
-
Layoffs in 2024: Google, Microsoft, UPS, More Fire Over 30K Employees in January; Coming Months Can Be Worse
Wipro became the latest to join the ongoing layoffs by tech companies after reports claimed the company would let go of 1,000 employees. It will join the ranks of Google, Microsoft, Amazon, UPS, PayPal, SAP, Twitch, Discord, Swiggy, Flipkart, and other organisations that have already reduced headcounts by hundreds. The total jobs lost in one month ...
-
Apple Ramps Up 6G Technology Development Amid Challenges With In-House 5G Modem: Gurman
Apple is working on 6G technology, even as the company reportedly faces challenges in the development of its in-house 5G modem. Spotted by Bloomberg's Mark Gurman, Apple's recent job listing shows the company is looking to hire engineers to work on 6G technology as part of its Wireless Technologies and Ecosystems team and develop 6G reference archi...
-
SpaceX Sued by US Justice Department Over Alleged Discrimination in Hiring
The US Justice Department sued Elon Musk-owned rocket and satellite company SpaceX on Thursday for allegedly discriminating against asylum seekers and refugees in hiring. In job postings and public statements over several years, SpaceX wrongly claimed that under federal regulations known as export control laws, SpaceX could hire only US citizens an...
-
This Chinese Firm Wants Candidates Who Don't Smoke, Drink, Eat Meat
A job posting by a Chinese company says that it is looking for a candidate who doesn't smoke, consume alcohol or eat meat.
-
60,000 IT Sector Contract Workers Lost Jobs In A Year: Recruitment Body
Nearly 60,000 outsourced contract workers lost jobs in the information technology sector in the year ending in March as jobs for flexi workers hired through contractors by companies shrank 7.7% from a year earlier, a recruitment body said.
-
Netflix Plans to Cut Spending by $300 Million; No Layoffs Expected: Report
Netflix plans to cut its spending by $300 million (nearly Rs. 2,465 crore) this year, the Wall Street Journal reported on Friday, citing people familiar with the matter. Company leaders urged staffers to be judicious with their spending, including in relation to hiring, but said there would be no hiring freeze or additional layoffs, according to t...
-
Dropbox to Reduce Workforce by 16 Percent, Plans to Hire New Staff for AI Offerings
Cloud storage provider Dropbox said on Thursday it would reduce its global workforce by 16 percent to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. Dropbox's chief executive officer, Drew Houston, said the company's core cloud business growth was slowing as challenges from the economic downturn put pr...
-
US Tech Company Dropbox Slashes 16% Of Workforce Amid "Slowing Cloud Growth"
Cloud storage provider Dropbox Inc said on Thursday it would reduce its global workforce by 16% to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings.
-
India Renews Push For Easier Visas For Its Companies In UK: Report
India will keep pushing for easier visa rules for skilled professionals hired by its companies investing in Britain as it looks to finalise a free trade pact with the UK by end-2023, according to people with knowledge of the matter.
-
Facebook Parent Meta to Lay Off 10,000 Employees Just Four Months After First Round of Job Cuts
Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs. "We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired," Chief Executive Of...
-
Big Tech Is Firing Employees by the Thousands. Why? and How Worried Should We Be?
Since the end of the pandemic hiring spree, large numbers of employees have been fired from major tech companies, including Alphabet (12,000 employees), Amazon (18,000), Meta (11,000), Twitter (4,000), Microsoft (10,000) and Salesforce (8,000). Why exactly led to this massive shakeout? And what does it mean for the industry, and you?
