The layoffs have been undertaken to increase its cash runway from almost one and a half years currently to two years and are expected to impact employees across functions including engineering, product, analytics and process excellence, among other teams.
French payment company has been offering digital payment services in India for years, but only on behalf of banking partners. But now it intends to acquire its own merchants for both online and offline payments.
The US Commerce Department has discussed details with the South Korean chipmakers on which equipment could be used in China, said news agency Yonhap, citing unnamed sources, adding that the US would make related announcements as early as this week.
Tesla has pioneered the use of huge presses with 6,000 to 9,000 tons of clamping pressure to mould the front and rear structures of its Model Y in its "gigacasting" process that has slashed production costs.