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Tesla Layoffs Likely Hitting Solar Panel Divisions, Internal Documents Show

“In 2006, Musk helped to form a solar panel company founded by his cousins, SolarCity” writes David Grossman for popularmechanics.com. Tesla’s layoffs last week will affect what had been the company’s solar panel division according to Reuters, which says it has seen several internal documents and spoken to seven current and former Tesla solar employees. Source: popularmechanics.com Share This:

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As Tesla races to meet Model 3 deadline, factory pressures and suspicions grow

“But they also suggest the space-age car company is facing more chaos at the factory than its drivers and investors may understand” writes This Story Originally for seattletimes.com. To me, they seem to reflect a level of anxiety or pressure that I haven’t seen recently.” That pressure has also seeped into the company’s 10,000-employee car factory in Fremont, California.The company has, unconventionally, moved some car production to a giant tent.And Musk, in recent all-employee emails, said the company suffered setbacks from a factory fire and an internal saboteur. Source: seattletimes.com Share…

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Elon Musk’s internal email about laying off 9% of Tesla staff was the right thing to do in a hard situation

“Towards the end of the email, Musk wrote, “we are making this hard decision now so that we never have to do this again.”” writes Shana Lebowitz for businessinsider.com. As for those employees being laid off, Musk wrote, “Tesla is providing significant salary and stock vesting (proportionate to length of service).”. “We are making this hard decision now so that we never have to do this again,” said Elon Musk, pictured. Source: businessinsider.com Share This:

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Elon Musk announces companywide Tesla layoffs in leaked email

“Yet, despite our tiny size, Tesla has already played a major role in moving the auto industry towards sustainable electric transport and moving the energy industry towards sustainable power generation and storage” writes Jack Morse for mashable.com. In a leaked email to staff, the self-stylized media critic told those at his electric car company that he would be letting some of them go.”Yet, despite our tiny size, Tesla has already played a major role in moving the auto industry towards sustainable electric transport and moving the energy industry towards sustainable…

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McDonald’s plans fresh round of layoffs: WSJ

“An electronic advertisement for a McDonalds food is seen at a bus stop on Oxford Street in London, Britain Thomson Reuters (Reuters) – McDonald’s Corp is planning a new round of layoffs to further shrink its corporate structure, the Wall Street Journal reported on Thursday citing an email the company sent to all its U.S. employees, suppliers and franchisees” reports businessinsider.com. McDonald’s USA President Chris Kempczinski said some employees will ultimately exit the company but did not mention the scope of the headcount reduction, according to the memo cited by…

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The 13,000 ‘savage’ layoffs at BT could be preparing the company for a sale, insiders say

“It’s not really a split in truth because everyone in the company [BT] works on stuff that Openreach are doing” writes Jim Edwards for businessinsider.com. BT informally controls Openreach, the service infrastructure company that provides the wire from your home to BT’s exchanges.A spokesperson for BT told Business Insider that the company did not comment on rumours and gossip.Most people don’t notice BT’s exchanges. Source: businessinsider.com Share This:

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Milo Yiannopoulos laid off staff amid financial debacle: Report

“After facing financial hardships, controversial political commentator Milo Yiannopoulos reportedly laid off the small staff at his media company earlier this month” reports washingtonexaminer.com. However, others within Yiannopoulos’ orbit are disputing Politico’s report and claiming that the layoffs are more akin to a company reshuffle between Milo Worldwide LLC and Milo Entertainment Inc.Without that financial assurance, Yiannopoulos could no longer afford to pay his staff.Three sources close to the situation told Politico that Milo Entertainment Inc. has laid off several employees in the past few weeks after the unexpected death…

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Qualcomm begins layoffs as part of cost cuts

“Though the company first evaluated non-headcount expense reductions, it concluded that a workforce reduction is needed to support long-term growth and success, the spokesperson said” writes Munsif Vengattil for reuters.com. Bloomberg, which first reported the layoffs, said the size of the job cuts is large enough that Qualcomm will have to file a WARN notice, or Worker Adjustment and Retraining Notification, with the state of California. Source: reuters.com Share This:

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Qualcomm slides after layoffs, regulatory challenges to NXP merger

“That deal was ultimately blocked by U.S. officials, in an effort to protect U.S. tech companies from growing Chinese competition” writes unknown author for cnbc.com. A Commerce Ministry spokesman said Thursday that the chipmakers would have to do more to resolve competition concerns.”This deal will have significant influence in the industry and might have a negative impact on competition,” the unnamed spokesman for the agency told Reuters.The U.S. chipmaker has already received approval from eight of nine required global regulators to finalize the acquisition, with Chinese clearance the only one…

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Qualcomm is slashing about 1,500 jobs in California to cut costs

“Qualcomm has started cutting jobs in California, with aims to let go of around 1,500 people to meet a $1 billion savings commitment the company made to investors, reports Bloomberg” writes Apr Edt for theverge.com. Qualcomm cut thousands of jobs in 2015 and has struggled with falling sales over the past few years.The job cuts are concentrated in California, but layoffs will also occur at other locations.It also requires the company to give affected employees 60 days notice that they will be let go.Qualcomm will offer severance payments to those…

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