News
According to a report by The Times of India, the tech industry has faced substantial layoffs in 2024, with approximately 150,000 jobs eliminated across major companies. Tech companies like Tesla, Intel, Cisco, and Microsoft are among those reducing their workforces. The report highlights that the...
News
According to Commercial Times, PC giant HP is rumored to start a new wave of organizational changes in Taiwan on October 15th. In addition to the potential layoffs of 20 to 30 local employees in the R&D department, other senior managers may be subject to the adjustment as well. In response...
Insights
Tesla's Shanghai factory has reportedly initiated layoffs among its battery assembly workforce. Industry sources suggest that the majority of the layoffs will affect employees in the first phase of battery assembly, with the reduction expected to exceed 50%. While most of the affected individuals wi...