Mr. Musk dug into his companies’ budgets, preferring to cut too much rather than too little and to deal with the fallout later. Under Donald Trump, he is set to apply those tactics to the U.S. government.
Category: Layoffs and Job Reductions
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Nissan Cuts 9,000 Jobs and Slashes C.E.O.’s Pay in Half
The Japanese automaker is carving out its global operations as it struggles with a steep drop in sales.
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Tiny Love Stories: ‘When Two Fantasies Collide’
Modern Love in miniature, featuring reader-submitted stories of no more than 100 words.
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Boeing’s Strike Is Over. What’s Next for the Company?
The aerospace manufacturer and its new chief executive face a daunting to-do list, including improving quality and increasing production of its commercial planes.
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Storms and Strikes Take a Toll on Pre-election Jobs Report
U.S. payrolls grew by only 12,000 in October, a figure that left markets placid but fueled political contention. Unemployment remained 4.1 percent.
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Kraken Lays Off 15 Percent of Workers and Names New Co-Chief Executive
The influential cryptocurrency exchange has undergone several reorganizations in recent years.
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For First Time in 87 Years, Volkswagen May Close 3 Plants in Germany
The automaker’s top employee representative told workers that management planned to shutter the factories to cut costs amid slumping sales.
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Why Boeing Workers Rejected a New Contract: Retirement Benefits
A large majority of more than 33,000 striking union members voted against a contract that included big raises but not the restoration of a frozen pension plan.
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Boeing Union Workers Reject Contract
The vote, hours after Boeing reported a $6.1 billion loss, will extend a nearly six-week-long strike at factories where the company makes its best-selling commercial plane.