Tesla layoffs to impact 3,300 California employees
KRON4's Justine Waldman reports https://www.kron4.com/news/bay-area/tesla-layoffs-to-impact-nearly-2k-bay-area-employees/
KRON4's Justine Waldman reports https://www.kron4.com/news/bay-area/tesla-layoffs-to-impact-nearly-2k-bay-area-employees/
Tesla management told employees Monday that the recent layoffs -- which gutted some departments by 20% and even hit high performers -- were largely due to poor financial performance, a source familiar with the matter told TechCrunch. The layoffs were announced to staff just a week before Tesla is scheduled to report its first-quarter earnings. The move comes as Tesla has seen its profit margin narrow over the past several quarters, the result of an EV price war that has persisted for at least a year.
The Chiefs have some good home opponents this season.
Also on our cheat sheet: Spring savings from Ninja, Coach, Lego and more.
Founders at the early stages of building their startups may have already created a strong solution, identified a gap in the market, or may simply have an inescapable and driving motivation to build their own business. The investors at Sequoia, one of the world's biggest venture capital firms, have come up with a very handy framework to answer those two questions. "Hair on Fire" roughly means that your startup addresses an urgent problem.
Here's what you might've missed from this weekend's action across the league.
TechCrunch Mobility is moving to Thursdays! Sign up here for free — just click TechCrunch Mobility! EV startup Fisker laid off more employees to "preserve cash" as bankruptcy inches ever closer; ride-hailing company Ola cut about 180 jobs and ousted its chief executive, Hemant Bakshi, merely four months after appointing him to the post; and lidar company Luminar slashed its 700-person workforce by 20% as part of a restructuring to adopt an "asset light" business model.
Basketball analyst Dan Titus breaks down what the teams and stars who were booted from the NBA Playoffs must do to remain in good fantasy standing next season.
Lando Norris nabs first race win at the 2024 Miami Grand Prix.
Norris hadn't pitted and was leading the Grand Prix when a safety car was deployed for Logan Sargeant and Kevin Magnussen's crash.
Texas Gov. Greg Abbott said in a social media post Sunday that the University of Texas would not meet the demands of student protesters.
Bluesky’s most prominent backer has left its board. On Saturday, Jack Dorsey posted on X about grants for open protocols from his philanthropic Start Small initiative. This prompted someone to ask Dorsey if he was still on the Bluesky board, and he responded with a terse “no.” Dorsey did not answer any of the follow-up posts asking him to explain his departure.
Some major deals on board: A super-handy collapsible garden cart for over $200 off, a cordless Shark pro stick vacuum for over 50% off, and a 65-inch Philips 4K smart TV for under $400.
Russell Westbrook is trying to clear up reports about him wanting to leave the Clippers.
With the peak of first quarter earnings season in the rearview, stocks got back to their winning ways last week ahead of a slower calendar for corporate and economic news.
Score deeply discounted floor coverings from some of my favorite brands — Kelly Clarkson, Magnolia Home by Joanna Gaines and Loloi.
NASA's James Webb Space Telescope is making strides in astronomy with its 122-megapixel primarily infrared photos taken 1.5 million kilometers away from Earth. The space agency's newest sky-peeper takes a different approach, however, performing groundbreaking space science with 36 pixels. The X-ray Imaging and Spectroscopy Mission (XRISM), pronounced “crism,” is a collaboration between NASA and the Japan Aerospace Exploration Agency (JAXA).
Now's your chance to get that stunning room-changing piece and save big!
Aluminum polish is great for restoring and protecting metal surfaces. It can be used on wheels, exhaust tips, and other metal surfaces that need cleaning.
I spotted a Staub 4-piece baker set for a low $50, a KitchenAid 12-piece knife block set for only $53 and so much more.
No power? No problem — this beast can keep you juiced up for hours.