Tata Electronics: A second person said the company is also in near final stages for a successful tape-out of semiconductor chips in 28, 40, 55, 65 nm (nanometre), and some other higher nodes. A tape-out refers to the final result of the designing process for integrated circuits or printed circuit boards before they are sent for manufacturing.
Last month, the electric vehicle maker had announced a 10 percent reduction in its global workforce, following which the firm fired senior executives and nearly 500 team members of its Supercharger business.
According to the media report, employees at Tesla received emails over the weekend informing them of the layoffs as part of broader workforce reductions., Companies News - Times Now
Also, Lucid is dealing with a disappointing Q1, and Vice President Kamala Harris will announce $100 million to help auto suppliers with the EV transition
US-based Cognizant hired only just over 60,000, while French IT consultancy firm Capgemini hired about 61,182 in 2023. Cognizant had hired 1,32,000, while Capgemini recruited 1,40,789 employees in 2022.