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Exclusive-Meta Slashes Hiring Plans, Girds for ‘fierce’ Headwinds
Date: July 1, 2022
By Katie Paul (Reuters) -Facebook-owner Meta Platforms Inc has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn. “If I had to bet, I’d say that this might be one of the worst downturns that...
Volvo to Create 3,300 Jobs at $1.25 Billion Ev Plant in Slovakia
Date: July 1, 2022
OSLO (Reuters) -Volvo Car Group will invest 1.2 billion euros ($1.25 billion) to build an electric vehicle (EV) plant in Slovakia, the Sweden-based automaker said on Friday. The site, Slovakia’s fifth, will bolster its standing as the biggest car producer per capita in the world, with the central European country of 5.4 million producing more...
Tesla Closes an Office as Layoff Hits Autopilot Jobs, Including Hourly Ones
Date: June 29, 2022
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla has shuttered its office in San Mateo, California and laid off roughly 200 employees working on its Autopilot driver-assistant system there, one of the people told Reuters, in a move seen as accelerating cost-cutting. Most of the laid-off people had been hourly workers, that person said. Early...
White House Says Companies Investing $700 Million to Boost Ev Charger Production
Date: June 28, 2022
By Timothy Gardner WASHINGTON (Reuters) – The White House said on Tuesday that companies are planning to invest more than $700 million to boost U.S. manufacturing capacity for electric vehicle (EV) chargers – actions set to add at least 2,000 jobs and make charging more accessible and affordable. The investments include $450 million earmarked by...
Anticipating US Downturn, Elon Musk Details Tesla Staff Cuts
Date: June 21, 2022
By Andrew Mills, Yousef Saba and Hyunjoo Jin DOHA (Reuters) -Elon Musk, CEO of Tesla, said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted a U.S. recession was more likely than not. His remarks were his most detailed explanation of job...
Tesla Cancels Three June Online Hiring Events for China
Date: June 10, 2022
SHANGHAI (Reuters) – Tesla Inc has cancelled three online recruitment events for China scheduled this month, the latest development after Chief Executive Elon Musk threatened job cuts at the electric car maker, saying it was “overstaffed” in some areas. However, Musk had not commented specifically on staffing in China, which made more than half of...