Tesla’s Senior Vice President Drew Baglino Resigns Amid Job Cuts | Companies News

[ad_1] New Delhi: Drew Baglino, the senior vice president of Tesla has stepped down from the company amid Tesla’s largest-ever round of job cuts. The carmaker faced the necessity to reduce its global workforce by over 10% due to a slowdown in demand for electric vehicles, leading to significant job cuts of up to 20% … Read more

Layoffs Might Get Worse This Year, 98% Surge in US Layoffs Last Year Reports Claim | International Business News

[ad_1] New Year: As per a report published by professional outplacement firm Challenger, Gray and Christmas revealed that US companies planned  721,677 job cuts last year, a 98% jump from 363,832 layoffs reported in 2022. Companies like Meta and Amazon, high-profile tech companies, slashed jobs last year. The report said, around 168,032 employees were … Read more