Anticipating US downturn, Elon Musk details Tesla staff cuts

Anticipating US downturn, Elon Musk details Tesla staff cuts

DOHA, June 21 (Reuters) – Elon Musk, CEO of Tesla (TSLA.O), said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted a US recession was more likely than not. His remarks were his most detailed explanation of job cut plans and his … Read more

Elon Musk’s SpaceX fires at least five over critical letter

Elon Musk's SpaceX fires at least five over critical letter

SpaceX founder and CEO Elon Musk arrives to see off the Inspiration 4 crew, the first all-civilian crew to be sent into orbit, before they head to the SpaceX Falcon 9 rocket on Pad 39A at the Kennedy Space Center in Cape Canaveral, US, September 15, 2021. REUTERS/Joe Skipper/File Photo Register now for FREE unlimited … Read more

SpaceX employees denounce CEO Musk as “distraction” – letter

SpaceX employees denounce CEO Musk as "distraction" - letter

Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register Orlando, Fla., June 16 (Reuters) – A group of SpaceX employees derided flamboyant billionaire Chief Executive Officer Elon Musk as a … Read more

Exclusive: Musk’s Twitter deal threats put new financing on ice – sources

Exclusive: Musk's Twitter deal threats put new financing on ice - sources

June 7 (Reuters) – Elon Musk’s efforts to arrange new financing that will limit his cash contribution to his $44 billion acquisition of Twitter Inc (TWTR.N) have been put on hold because of the uncertainty surrounding the deal, people familiar with the matter said. Musk has been threatening to walk away from the deal unless … Read more

Cryptoverse: The early birds betting bitcoin’s bottoming out

Cryptoverse: The early birds betting bitcoin's bottoming out

A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Register now for FREE unlimited access to Reuters.com Register June 7 (Reuters) – As the crypto winter creeps into June, the first signs of a thaw are emerging. Some investors are … Read more

Musk threatens to drop Twitter deal if fake-account data not provided

Musk threatens to drop Twitter deal if fake-account data not provided

June 6 (Reuters) – Elon Musk on Monday warned that he might walk away from his $44 billion offer to acquire Twitter Inc (TWTR.N) if the social media network failed to provide data on spam and fake accounts. In a letter to Twitter, the billionaire reiterated his request for details on bot accounts and said … Read more

Apple dives deeper into autos with software for car dashboard

Apple dives deeper into autos with software for car dashboard

June 6 (Reuters) – Apple Inc (AAPL.O) on Monday announced it would more deeply integrate its software into the instrument cluster on the dashboard of cars that will start shipping next year, while analysts and developers are keenly awaiting any hints about how a future mixed-reality headset might work. Apple also announced that its new … Read more

Biden wishes Elon Musk ‘luck’ on moon trip after job cut plans

Biden wishes Elon Musk 'luck' on moon trip after job cut plans

US President Joe Biden delivers remarks on the monthly US jobs report, at the Rehoboth Beach Convention Center, in Rehoboth Beach, Delaware, US, June 3, 2022. REUTERS/Tom Brenner Register now for FREE unlimited access to Reuters.com Register REHOBOTH BEACH, Del., June 3 (Reuters) – US President Joe Biden compared Tesla (TSLA.O) unfavorably to Ford (FN) … Read more

Facebook-owner Meta Platforms’ Sheryl Sandberg to leave after 14 years

Facebook-owner Meta Platforms' Sheryl Sandberg to leave after 14 years

June 1 (Reuters) – Meta Platforms Inc (FB.O) Chief Operating Officer Sheryl Sandberg, whose close partnership with Chief Executive Officer Mark Zuckerberg powered the growth of the world’s biggest social network, is leaving the company after 14 years, she said in a Facebook post on Wednesday. The announcement initially sent the social media firm’s shares … Read more

Elon Musk tells Tesla staff: return to office or leave

Elon Musk tells Tesla staff: return to office or leave

June 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk has asked employees to return to the office or leave the company, according to an email sent to employees and seen by Reuters. “Everyone at Tesla is required to spend a minimum of 40 hours in the office per week,” Musk wrote in the … Read more