According to a report by Reuters, Tesla will lay off more than 10% of its global workforce due to declining sales and an intensifying price war for electric vehicles (EVs). The New York Times reports the job cuts will affect about 14,000 people, with two senior executives – Drew Baglino and Rohan Patel – already [...]read moreTesla lays off more than 10% of its global workforce
Today on Equity, Tesla cuts staff, and OpenAI has plans for an office in Tokyo along with a new GPT-4 model for the Japanese language. © 2024 TechCrunch. All rights reserved. For personal use only. Source link
Hinge Health, a nine-year-old company that offers a digital solution to treat chronic musculoskeletal (MSK) conditions, cut approximately 10% of its workforce on Thursday, TechCrunch has exclusively learned. The company said people who were laid off worked across various functions; according to employees posting on LinkedIn, some were engineers. Before the layoffs, Hinge had more [...]read moreHinge Health, a virtual physical therapist, lays off 10% of its workforce
Apple is laying off 614 employees in California in its first major round of job cuts post-pandemic. According to the WARN notice posted by California, Apple notified the affected employees on March 28. The changes will go into effect on May 27. While the notice doesn’t specify which projects the employees were working on, Bloomberg [...]read moreApple lays off over 600 employees in California after abandoning electric car plans
Agility Robotics on Thursday confirmed that it has laid off a “small number” of employees. The well-funded Oregon-based firm says the job loss is part of a company-wide focus on commercialization efforts. “As part of Agility’s ongoing efforts to structure the company for success, we have parted ways with a small number of employees that [...]read moreAgility Robotics lays off some staff amid commercialization focus
DETROIT — Jeep maker Stellantis is laying off about 400 white-collar workers in the U.S. as it deals with the transition from combustion engines to electric vehicles. The company formed in the 2021 merger between PSA Peugeot and Fiat Chrysler said the workers are mainly in engineering, technology and software at the headquarters and technical [...]read moreStellantis lays off salaried workers, cites uncertainty in EV transition
Welcome, folks, to Week in Review (WiR), TechCrunch’s regular newsletter covering noteworthy happenings in the tech industry. This week, Google launched two new open large language models, Gemma 2B and Gemma 7B, in its continued bid for generative AI dominance. The company, which describes the LLMs as “inspired by Gemini,” its flagship family of GenAI [...]read moreGoogle releases new open LLMs Rivian lays off staff and Signal rolls out usernames
Rivian is laying off 10% of its salaried workforce in a bid to cut costs in an increasingly tough market for electric vehicles, putting even more pressure on future, more affordable EV called the R2. The company more than doubled the number of EVs it built and shipped in 2023 compared to 2022. But Rivian [...]read moreRivian lays off 10% of workforce as EV pricing pressure mounts