Hedge funds ramp up their bets against bank and financial stocks during the week leading up to Friday, according to a note from Goldman Sachs. […]
Tag: Job cuts
Li Auto Implements Substantial Workforce Reduction Amid Sales Forecast Adjustment
Li Auto is reportedly undergoing a significant workforce reduction, affecting approximately 18% of its employees, totaling over 5,600 individuals. The downsizing efforts are particularly notable […]
Tesla to Cut Over 6,000 Jobs Worldwide Amidst Declining EV Sales and Profit Drop
Tesla is planning to lay off 693 employees at its Nevada facilities as part of a broader 10% reduction in its workforce, announced earlier this […]
Turbulence at Tesla: Job Cuts, Executive Departures, and Strategic Shifts Shake EV Giant
Tesla’s premarket shares dropped by 2.35% after confirming substantial job cuts and the departure of key executives. The electric vehicle (EV) giant disclosed plans to […]
Apple Halts In-House Watch Display Efforts, Slashes Display-Engineering Jobs
Apple has abandoned its internal initiative to manufacture watch displays and is reducing its workforce, particularly in display engineering roles, in the US and Asia. […]