Lucid Software will also undergo other cost-cutting measures like reducing in-person company events and streamlining purchases, CEO Dave Grow told employees Monday.
Air France-KLM announced Monday that it was going to place a "major order" for 50 long-haul Airbus A350s, as part of its effort to introduce more fuel-efficient planes.
A sleepy Bavarian village could decide the future of BMW's drive towards electromobility as it goes to the polls on Sunday over the German automobile giant's plans to build a huge battery factory.
Its parent company, Delivery Hero, is in the early stages of discussions to sell a part of its delivery business in Southeast Asia. The exact number of employees and the specific locations that will be affected by the layoffs is unknown.
Despite X's silence on crypto payment integration on the platform, it appears the process is well underway.
Workers will end strike action at Chevron's gas plants in Western Australia, their union said Friday, accepting a deal proposed by Australia's industrial relations body.
The American chip giant had previously reduced its U.S. workforce, particularly in its San Diego headquarters.
X, formerly Twitter, reportedly cut its trust and safety team to around 20 people earlier this month even after advertisers discussed concerns about toxic content on the platform.
Electric cars are widely hailed as the future of transport, but even though they eliminate the issue of fuel emissions from tailpipes, the problem of particle pollution as a result of tire wear hasn't been resolved.
Foxconn, the world's largest contract manufacturer of electronics, has been rapidly expanding its footprint in India as it seeks to gradually move away from China.
Cisco is cutting hundreds of jobs in California next month following a strong fiscal year 2023. The company has implemented thousands of job cuts since 2014.
Ascendant Studios' CEO Bret Robbins said the team, which Electronics Arts touted as having the right experience to deliver "Immortals of Aveum," had to make the necessary adjustments now that its game has been shipped.
Morningstar is cutting Sustainalytics' workforce next week, more than a year after it reduced the Sustainalytics China team by the hundreds.
Google is cutting a "significant" number of staff from its recruiting unit, citing the need for operational efficiency. The company has implemented smaller workforce cuts in recent months.
Shares in British energy major BP sank Wednesday after chief executive Bernard Looney resigned unexpectedly over his failure to disclose past relationships with colleagues.
Apple has unveiled its new iPhone series, which features not just improved cameras and a major charger change but also lower starting prices for the base devices.
Wells Fargo has already gone through multiple smaller layoffs in recent months, but its CFO is expecting more workforce reductions as the banking industry grapples with corporate real estate lending issues.
Chargebee, once valued at $3.5 billion, is cutting another 10% from its global workforce as the company struggles through "market shifts" and a funding winter that already hit the valuations of other Indian unicorns.
The layoffs will affect offices across the United States, as well as remote employees in some parts of the country, including Washington and Ohio.
Masayoshi Son's once-exalted reputation as an investor is badly tarnished, but the irrepressible founder of Japan's SoftBank is hoping that the mega-IPO of Arm this week might bring back the good times.
More than 10,000 staff will lose their jobs at struggling UK household goods retailer Wilko, administrators said Monday, after last-ditch talks on a rescue deal with the owner of the HMV music store chain collapsed.
Chinese e-commerce giant Alibaba has announced the surprise departure of former CEO Daniel Zhang, who had been set Monday to take charge of a key subsidiary as the firm undergoes a major restructuring.
Shares in the British chip designer Arm will be listed Thursday on New York's Nasdaq exchange in the biggest such offering in two years, a $50 billion wager by principal shareholder SoftBank Group amid a still uncertain market.
Chinese technology major Huawei created shockwaves with a smartphone that boasts of 5G-like speeds and, crucially, has at its heart a homegrown 7nm chip -- technology that China was not known to possess. IBT speaks to experts on whether U.S. curbs on China's access to advanced chip technology are failing.
Elon Musk's X Corp.on Friday sued the state of California over a law requiring social media companies to publicly post their policies regarding hate speech, disinformation, harassment and extremism.
Virgin Galactic on Friday announced it had sent three paying customers on an hour-long journey to space and back, racking up its fourth successful flight in as many months.
The gatekeepers, which the European Union says are companies that provide "an important gateway between businesses and consumers in relation to core platform services," have six months to provide a "detailed" report to prove they comply with the DMA's provisions.
After news of the layoffs emerged, Roku stocks jumped about 3% higher.
The Chinese tech giant's Huawei Cloud Riyadh office, which was announced Monday at the Huawei Cloud Summit Arabia 2023, will focus on serving consumers across the Middle East, Central Asia and Africa.
Struggling Chinese developer Country Garden has made multi-million-dollar interest payments on two outstanding loans, reports said Tuesday, narrowly avoiding what would have been its first default.
