Tesla s recent layoffs, including an Indian techie, have sparked controversy. The techie, who was promoted just a month before, faced unexpected termination due to restructuring. The layoffs are part of Tesla s efforts to reduce its workforce by 10% amid sales challenges. Jatin Saini, the techie s brother, criticized Tesla for its lack of transparency and empathy in the process. Despite the layoffs, Tesla s shares saw a 1.97% gain on 7 May, reaching USD 184.76.
with several companies already announcing significant job cuts. give us the latest as to what s happening. so we heard from amazon they re going ahead with layoffs when it comes to the prime video, mgm studios and twitch live stream were talking about hundreds of employees that will lose their jobs. and it s worth remembering when it comes to amazon, they started in 2022 and continued in 2023 with the largest layoff process in all its history cutting more than 27,000 jobs. we also heard from google, john, they re also going ahead with hundreds of job cuts at this stage. and when you put all of this together, what we re witnessing is essentially a reversal of the hiring spree that we had witnessed back during the pandemic. all right, cnbc s silvia amaro, joining us live from
Companies are now giving employees months of advance notice before layoffs, allowing time to be more selective when hiring replacements and giving employees tim
wnbc tom yamas joins us right now. a lot of recent history here and it is more than two cents. quite a history with politicians and sports, especially when it comes to football. it s almost playoff time in the nfl but we re less than a week away from the controversial bcs bowls. but colleges are reluctant to give the ncaa too much power in a playoff process. check this out. the money is very good. the 68 teams in the six major bcs conferences reportedly pocketed more than $1 billion total this season. how could this change? well, enter washington, d.c. remember this guy, this congressman right here. joe barton in the headlines this year for going easy on bp at the beginning of the oil spill hearings on capitol hill. not so easy during a bowl championship series in a house subcommittee series in 2009. in my mind a little bit, i don t mean this directly, but it s like communism. you can t fix it. communism. probably a bit of a stretch,