Former Tesla executive Drew Baglino recently announced his resignation from the electric vehicle company, after being with the company for 18 years. This decision came shortly after Tesla announced a 10% workforce layoff following a decline in first-quarter deliveries and a decrease in stock prices. Baglino, who started as an engineer and climbed the ranks
US
Thrasio, once a prominent aggregator of Amazon third-party sellers, is facing a major upheaval in its leadership team. The company is losing its CEO, Greg Greeley, along with five other senior executives, including the finance chief, technology chief, head of human relations, chief commercial officer, and supply chain lead. This abrupt departure of key executives
As the CEO of the Norges Bank Investment Management (NBIM) warns, the current surge in energy and raw material prices could potentially have a significant impact on the inflation outlook. Nicolai Tangen expressed his worries about the implications of a commodities rally on end-product prices, which could lead to higher inflation rates. This is a
Jack Dorsey, the CEO of Block (formerly Square), recently announced that the company is taking its bitcoin mining ambitions to the next level. What started as designing chips has now evolved into developing a full bitcoin mining system. This expansion marks a significant milestone for the global tech firm as it looks to revolutionize the
In the aftermath of the recent elections in the Maldives, President Mohamed Muizzu’s party, the People’s National Congress, emerged victorious with a significant majority of 65 out of 93 parliamentary seats. This landslide victory is expected to have far-reaching implications for the geopolitical landscape of the Indian Ocean region. With Muizzu’s firm grip on power,
President Joe Biden’s recent announcement about his plans for making some college education free has once again stirred up the debate over the best strategy to address the issue of college affordability. While student loan forgiveness has been a hot topic, some experts argue that free college may be a more effective way to tackle
A heartbreaking incident took place outside the courthouse where former President Donald Trump’s hush money trial was scheduled. A man, later identified as Maxwell Azzarello from Florida, set himself on fire in the designated protest area. Reports indicated that he walked into the park, scattered pamphlets, poured an accelerant on himself, and ignited the flames
Upon examining the selected jurors for the trial of former President Donald Trump’s hush money case, it is evident that a diverse group has been chosen. The jurors come from various backgrounds and professions, ranging from sales and investment banking to teaching and speech therapy. It is interesting to note the preferred news sources of
Recently, Tesla CEO Elon Musk sent an internal email to company staff regarding some severance packages that were incorrectly low for a number of laid-off workers. Musk acknowledged the mistake in the email, stating that these errors are being corrected immediately. This apology comes after Tesla announced that it would be cutting over 10% of
Recently, Tesla made the decision to lay off 285 employees in the state of New York, with most of them being from the company’s Buffalo factory. The restructuring process has caused concern among employees and state officials alike. The reduction in headcount at the Buffalo factory represents a significant 14% decrease in the workforce, which