Category Archives: Employee Layoffs

VW’s Audi factory in Brussels may close due to low demand for EVs

July 10, 2024 VW’s Audi factory in Brussels may close due to low demand for EVs Demand for Audi’s Q8 e-tron, launched in 2018, had dropped sharply and the carmaker was considering ending its production altogether, with one source close to the company saying this could happen in 2025. BY Reuters Volkswagen on Tuesday warned it … Continue reading VW’s Audi factory in Brussels may close due to low demand for EVs

Dead by Daylight maker Behaviour announces its second round of layoffs this year

Dead by Daylight maker Behaviour announces its second round of layoffs this year The company is firing up to 95 workers. kris holt   Tue, Jun 4, 2024 Behaviour Interactive For the second time this year, Behaviour Interactive has announced a round of layoffs. The Dead by Daylight maker says it will dismiss as many as … Continue reading Dead by Daylight maker Behaviour announces its second round of layoffs this year

Peloton will see mass layoffs and another CEO exit in latest dramatic attempt to right the ship

May 02, 2024 Peloton will see mass layoffs and another CEO exit in latest dramatic attempt to right the ship It’s the fifth round of staff reductions at the connected fitness company since 2021 and the second boss exit in recent years. BY Emily Price After surging in popularity during the early days of the pandemic, … Continue reading Peloton will see mass layoffs and another CEO exit in latest dramatic attempt to right the ship

After mass layoffs, Tesla asks again to approve Elon Musk’s $56 billion pay package

  April 17, 2024 After mass layoffs, Tesla asks again to approve Elon Musk’s $56 billion pay package The struggling EV carmaker is urging shareholders to vote again for the payout, which would be the largest ever awarded in corporate history, after a Delaware court nullified it in January. BY Clint Rainey With Tesla stocks trading … Continue reading After mass layoffs, Tesla asks again to approve Elon Musk’s $56 billion pay package

Tesla layoffs: Elon Musk’s EV maker will reportedly cut more than 10% of its workforce

  April 15, 2024 Tesla layoffs: Elon Musk’s EV maker will reportedly cut more than 10% of its workforce The reported job cuts come at a precarious time for the company, whose shares are down more than 31% this year. BY Michael Grothaus Elon Musk has reportedly announced a round of mass layoffs at Tesla, according … Continue reading Tesla layoffs: Elon Musk’s EV maker will reportedly cut more than 10% of its workforce

Apple to axe 600 jobs after dropping plans for self-driving vehicles

Apple to axe 600 jobs after dropping plans for self-driving vehicles Graeme Hanna Tech Journalist     Apple has axed more than 600 jobs after effectively abandoning its plans for self-driving cars. The cuts will mostly impact workers at the iPhone maker’s site in California where it was discreetly working on ambitions to build electronic … Continue reading Apple to axe 600 jobs after dropping plans for self-driving vehicles