Amazon’s recent layoffs of 14,000 corporate workers represent a minor correction compared to the company’s massive pandemic-era expansion. The tech giant’s workforce tripled between 2017 and 2024, creating inevitable rebalancing needs as market conditions shift.
Paramount is preparing to lay off 1,000 workers as new CEO David Ellison implements his promised $2 billion cost savings plan. The cuts represent just the first phase of a broader restructuring strategy.
Meta executives have informed risk management employees that their positions are being eliminated due to automation advances. The move represents a bold bet on AI’s ability to handle complex corporate risk assessment amid widespread concerns about the technology’s reliability in high-stakes environm
Electric vehicle manufacturer Rivian is reportedly cutting more than 600 positions, representing approximately 4.5% of its workforce. The layoffs come as the Trump Administration eliminates federal tax credits that had boosted EV sales.
Electric vehicle manufacturer Rivian is planning to eliminate more than 600 positions, according to an internal memo viewed by Business Insider. Sources indicate this represents approximately 4.5% of the company’s 15,000-strong workforce and marks one of several rounds of layoffs the automaker has conducted over the past three years.
In a recent interview, Rivian CEO RJ Scaringe shared his assessment of Xiaomi’s highly popular SU7 electric sedan after a company teardown. While praising the vehicle’s execution, Scaringe emphasized that China’s EV success stems from macroeconomic factors rather than technological secrets. The CEO described the competitive landscape as calculable rather than magical.
Rivian CEO RJ Scaringe recently disclosed that his company conducted a detailed teardown of Xiaomi’s popular SU7 electric vehicle, according to reports from Business Insider. The exercise, described as standard industry practice for benchmarking competitors, provided the American EV manufacturer with insights into China’s rapidly evolving electric vehicle market.
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A Dubai-based real estate developer using the online alias Capybara Stocks has reportedly acquired a significant stake in Beyond Meat. The move has sparked a retail trading frenzy that analysts suggest mirrors the 2021 GameStop short squeeze pattern.
Market observers are reporting a developing situation where retail investor Demitri Semenikhin appears to be attempting for Beyond Meat what Keith Gill, famously known as Roaring Kitty, accomplished for GameStop. According to sources familiar with the matter, Semenikhin has accumulated approximately 4% of the plant-based meat company’s outstanding shares, positioning himself as a potential catalyst for the struggling stock.
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