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Tesla announces to lay off of over 6,000 jobs ahead of the quarterly results, which is expected to begin on June 14. Check for further details here. Tesla Layoffs: Elon Musk-Run Tesla Announces To Lay Off Over 6,000 Employees From Texas and California; Check Details To Know Why. ....
McKinsey & Co starts to lay off about 360 employees due to the recent decrease in client demand for its consulting services. Check for further details here. McKinsey Layoffs: Global Management Consulting Firm Initiates Hundreds of Job Cuts Amid Slowing Client Demand. ....
The workers were cut from eight offices in Santa Clara, according to the filings under the state’s Worker Adjustment and Retraining Notification Act, also known as WARN. ....
Meanwhile, its buy now, pay later (BNPL) service Afterpay, which Block acquired in 2021 for $29 billion, has posted serious losses. Square also faces competition on multiple fronts, including from Fiserv’s Clover, Toast and Stripe. Block Layoffs 2024: Jack Dorsey’s Financial Services Company Block Lays Off About 1,000 Employees, Decision Will Also Affect Staff in Cash App, Afterpay and Square Subsidiaries. ....
In the fourth quarter (Q4), Disney+ added seven million new subscribers, bringing its total to 150.2 million, including Hotstar, which was above analysts' projections of 148.15 million subscribers. 📲 Pixar Layoffs: Disney-Owned Animation Studio Likely To Lay Off 20% Workforce in 2024, Says Report. ....