Along with the departure of two senior executives, the cuts added to signs of turmoil at the electric car company.
Tag: Layoffs and Job Reductions
A ‘Tipping Point’ for News in New Zealand
“There was no single trigger that caused this,” James Gibbons, a regional executive at Warner Bros Discovery, said.
Murder and Magic Realism: A Rising Literary Star Mines China’s Rust Belt
In gritty tales from China’s northeast, Shuang Xuetao chronicles a traumatic chapter of Chinese history with fresh resonance today: the mass layoffs that afflicted the region in the 1990s.
Proposal to Reduce Royal Mail Deliveries in U.K. Draws Ire
Letter volumes have halved since 2011. Without significant changes, the beleaguered Royal Mail services will become “out of date,” according to a report.
Britain’s Largest Steel Mill to Become Greener, at a Cost of Jobs
Tata Steel said it would replace blast furnaces with an electric furnace, a move that will cut emissions but also as many as 2,800 jobs.
Argentina’s New ‘Anarcho-Capitalist’ President Starts Slashing
Javier Milei has railed against Argentina’s government for years. In his first week in charge, he’s begun cutting it down.
For China’s Jobless Young People, Hostels Are the Place to Be
Chinese backpacker hostels offering bunk beds for a few dollars a night have become hubs for the anxiety and ambitions of job-seeking youth.
China’s Economic Outlook: Pep Talks Up Top, Gloom on the Ground
Beijing has characterized concerns about the economic slowdown as being inflated by Western critics. Widespread anxiety and pessimism paint a different picture.
Why China’s Young People Are Not Getting Married
Marriages in China are at a record low. Recent political and economic turmoil have added another reason to postpone tying the knot.
LinkedIn Will Cut Over 700 Jobs Worldwide and Shut Its China App
Microsoft, LinkedIn’s owner, had already pulled the flagship networking site from China in 2021, leaving only a stripped-down app that catered to job seekers.