Microsoft has announced that it will lay off 10,000 employees over the next eight months as part of cost-cutting measures in response to the global economic slowdown. The affected employees will receive 60 days' notice, health care coverage, stock vesting, and severance pay. Microsoft CEO Satya Nadella said the company is taking steps to weather any economic conditions while investing in its future. The layoffs come as Microsoft continues to invest in new technologies.
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Elon Musk to Face Trial Over Tweet Claiming He Had Secured Financing for $72 Billion Buyout of Tesla
Elon Musk to Face Trial Over Tweet Claiming He Had Secured Financing for $72 Billion Buyout of Tesla
Elon Musk, the billionaire CEO of Tesla, is set to face a trial over a tweet he made in 2018 claiming he had secured financing for a $72 billion buyout of the company. The lawsuit alleges that the tweet was an attempt to manipulate the stock market and artificially inflate Tesla's stock price. Musk has denied the allegations, claiming that the tweet was an accurate reflection of his plans at the time, and the trial is expected to last several weeks with the outcome having a significant impact on Musk's reputation and the future of Tesla.
Virgin Orbit, a spaceflight company owned by Richard Branson, attempted to launch nine small satellites from a repurposed Boeing 747 jet, dubbed “Cosmic Girl”, on…
Amazon, one of the world’s largest e-commerce companies, announced Wednesday that it will be cutting over 18,000 jobs. This is a larger number than the…
Apple announced Wednesday that it will raise the price of battery replacements for all out-of-warranty iPhone models prior to the current iPhone 14 lineup. Starting…
The European Union has been cracking down on tech giants for their data privacy practices, and the latest company to face the consequences is Facebook…
Coinbase, a popular cryptocurrency exchange, has agreed to pay $50 million to settle a New York investigation into its anti-money laundering and know-your-customer practices. The…
Salesforce, a tech giant, announced Wednesday that it will be cutting its global workforce by 10%, or 7,350 employees. This is the latest round of…