Tesla, the company that specializes in electric vehicles and clean energy solutions, has announced plans to lay off about 14,000 employees, which amounts to more than 10% of its global workforce. This decision is due to a slowdown in electric vehicle demand and duplication of roles and job functions in certain areas. The company aims…
Samsung: $6.4 Billion Semiconductor Plant Investment
The CHIPS and Science Act has announced an investment of $6.4 billion USD to Samsung, the South Korean multinational electronics corporation, to expand its semiconductor chip plants in central Texas. According to reports, the investment will support two chip production facilities, a research and development center, and a packaging facility as part of a broader…
Ford Recalls 42,652 Vehicles
Ford has issued a recall of 42,652 vehicles due to concerns that their fuel injectors could crack and cause a fuel leak in the engine compartment. According to the notice from the National Highway Traffic Safety Administration (NHTSA), a fuel injector may crack and leak fuel inside the engine compartment, increasing the risk of a…
Checkr To Layoff 382
Checkr Inc is a background check company that was founded in 2014 and is headquartered in San Francisco. It provides on-demand background checks for employers using AI technology to streamline the process, making it faster and more efficient. The company was valued at $5 billion USD as of 2022. According to reports, Checkr has announced…
Microsoft: $2.9 Billion AI Investment in Japan
Microsoft, the multinational technology company, has announced plans to invest $2.9 billion USD in cloud computing and AI infrastructure in Japan over the next 2 years. This investment plan is aimed at improving Japan’s economy and technological advancement as Microsoft will open its first Research Asia lab in Japan and train about 3 million people…
South Korea: $7 Billion AI & Semiconductor Investment
South Korea, officially the Republic of Korea, is a country in the southern part of the Korean peninsula, in the northeast region of Asia. It has a population of over 51 million residents as of 2023. According to reports, the government of South Korea has announced plans to invest $6.94 billion USD into Artificial Intelligence…
Automattic: $125 Million Beeper Deal
Automattic Inc, the private software company behind WordPress.com, has announced the acquisition of Beeper for $125 million USD in an effort to improve its messaging capabilities as it looks to expand its reach beyond just blogging and website creation. This acquisition deal will allow Beeper and texts.com teams to work together to create an all-in-one…
Microsoft To Separate Teams from Office
Microsoft, the multinational technology company, has recently announced that it will split its Office 365 suite into two separate products: Microsoft 365 and Microsoft Teams. Microsoft 365 will focus on productivity and collaboration tools, while Microsoft Teams will focus on chat, video conferencing, and file sharing for enterprise customers outside the EU and Switzerland. The…
Apple to Layoff 614
Apple, the multinational technology company, has announced plans to lay off 614 employees across various California locations. Workers affected by the layoffs include machine shop managers, hardware engineers, and product design engineers. These job cuts come after the company terminated its electric vehicle and smartwatch display projects, citing complexity and high cost. The report further…
Amazon To Layoff Hundreds
Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon that provides on-demand cloud computing platforms to individuals, companies, and governments on a metered, pay-as-you-go basis. Its web services were founded in 2002, and its cloud computing unit was established in 2006. According to reports, AWS has announced plans to lay off hundreds of employees…