Manufacturers like BYD, Tesla and Li Auto are cutting prices to move their electric cars. For gasoline-powered vehicles, the surplus of factories is even worse.
Category: Layoffs and Job Reductions
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Tesla Earnings Report Could Add to Concerns About Its Strategy
Analysts expect first-quarter results to show a decline in profits, fueling worries that competitors will grab a bigger slice of slowing electric car sales.
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Google Fires 28 Employees Who Protested an Israeli Cloud Contract
The dismissals escalated longstanding tensions between company leaders and activist employees opposed to supplying technology to Israel’s government.
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Tesla Seeks to Revive Musk’s $47 Billion Pay Deal After Judge Says No
The company’s directors are asking shareholders to again approve the multibillion-dollar compensation plan and to move the company’s registration to Texas, from Delaware.
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E.V. Sales Are Slowing. Tesla’s Are Slumping.
More competition and flagging demand for electric vehicles has led to declining sales at Tesla.
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Tesla Will Lay Off More Than 10% of Workers
Elon Musk’s electric car company reported a drop in sales in the first three months of the year, and its profit margin has been falling for months.
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The Worst Part of a Wall Street Career May Be Coming to an End
Artificial intelligence tools can replace much of Wall Street’s entry-level white-collar work, raising tough questions about the future of finance.
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Spirit Airlines Will Delay Plane Purchases and Furlough Pilots
The low-cost airline, which has been unprofitable for four years, is trying to reduce costs after a federal judge blocked a proposed deal for JetBlue to acquire Spirit.
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Sports Illustrated’s Owner Sues Energy Drink Mogul After Chaos at Magazine
Authentic Brands Group, which owns Sports Illustrated, is accusing Manoj Bhargava of failing to pay millions of dollars for the rights to publish the magazine.
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Sports Illustrated’s Owner Sues Energy Drink Mogul After Chaos at Magazine
Authentic Brands Group, which owns Sports Illustrated, is accusing Manoj Bhargava of failing to pay millions of dollars for the rights to publish the magazine.
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4 Takeaways About Boeing’s Quality Problems
The company’s issues date back years, employees said, and were compounded by the pandemic, when it lost thousands of experienced workers.
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How Boeing Favored Speed Over Quality for the 737 Max
Problems have plagued the manufacturer even after two fatal crashes, and many current and former employees blame its focus on making planes more quickly.