Twitter employees on Friday braced for widespread layoffs as part of new owner Elon Musk's broad overhaul of the social platform. In a letter to employees obtained by multiple media outlets, the company said that workers would find out by 9 a.m. Pacific Standard Time if they had been laid...
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In his email, Musk asked SpaceX employees to "consider spending significant time" in Boca Chica to help further accelerate Starship development. SpaceX has about 8,000 employees, most of whom are at the company's Los Angeles area headquarters or its facilities at Cape Canaveral, Florida or n...
the Nasdaq stock exchange halted trading, and Tesla published a letter to employees from Mr. Musk explaining the rationale for possibly taking the company private. When the shares resumed trading, they continued their climb, ending the day with an 11 percent gain. ...
In an email to employees seen by the AP, Musk said "Twitter will do whatever it takes to adhere to both the letter and spirit of the FTC consent decree." "Anything you read to the contrary is absolutely false. The same goes for any other government regulatory matters where Twitter operate...
Recently, Muskpublished a letterto his employees about the prospect on Tesla’s company blog, to which he says: “As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla, all of whom are shareholders.” ...
Following is Musk’s letter to Tesla employees. From: Elon Musk To: Everybody Subj. Final Few Days Date: Dec. 28, 2022 [Time Stamp removed] Just a quick note to thank you for your hard work and congratulate you on exceptional execution in 2022!
Lyft too is looking to become leaner given "several challenges playing out across the economy." In aletterto employees, the company's management blamed a looming recession and the "realities of inflation and a slowing economy" for its decision to cut 683 jobs, or 13% of its workforce, whil...
Meanwhile, the National Labor Relations Board has filed multiple complaints against SpaceX over the terms of a severance agreement as well as the alleged illegal termination of employees who wrote a letter to management criticizing Musk. SpaceX sued the NLRB in January claiming that its administrativ...
We recently reported about a letter CEO Elon Musk reportedly sent to employees. In summary, he shared his concerns about a potential recession and mentioned upcoming job cuts and a possible hiring freeze. The early details were reported byReuters, though the publication didn't share the full ema...