Lucid Group (LCID) announced plans on Friday to terminate 400 employees, or 6% of its workforce, as part of a restructuring plan aimed at cutting costs in a soft electric vehicle market.
Blink Charging will lay off nearly 15% of its global workforce as demand for EVs remains soft, the company announced on ...
Rivian Automotive said it would lay off 10% of its salaried workforce and expects vehicle ... push but that it will take longer than expected. Lucid Group, also among the highest-profile EV ...
A complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2024.
(Reuters) -Action camera maker GoPro said on Monday it would cut about 15% of its workforce this year ... third quarter and about $4 million to $6 million in the fourth quarter of 2024.
citing intentions to cut costs to what has long been a wildly profitable segment of the oil giant’s business. The new cuts follow Shell’s earlier moves to reduce its workforce and costs in ...
Mortgage interest rates could fall below 6% sooner than some borrowers may anticipate. Below, we'll detail when this change could take place. Projections on how much the Federal Reserve will cut ...
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Tesla's in-house 4680 battery could significantly enhance margins and drive future growth, starting with Cybertrucks next ...
Prices were hiked by ₹6.5 per cylinder on August 1. The two rounds of increase follow four monthly price reductions. In four price reductions, rates were cut by ₹148 per 19-kg cylinder.
CEO Patrick Spence confirmed with TechCrunch the company cut 100 employees in a new layoff round, impacting 6% of Sonos’ workforce. Sonos previously reduced its headcount by 7% in 2023.