College Students Say Tesla Is Canceling Summer Internships | Entrepreneur
Tesla rescinds internship offers shortly before summer, after previous layoffs. Students express disappointment but vow to remain optimistic and persistent in securing other opportunities. [ more ]
Google cuts off an $83 million ghost labor contract
Google has ended its contract with outsourcing firm Appen, which provided search raters to test the quality of Google Search.
Google's decision to cancel the contract with Appen was not a complete surprise, as the company had been evaluating vendor contracts as part of cost-cutting efforts. [ more ]
Google lays off "hundreds" more employees, strips Google Assistant features
Google has laid off hundreds of workers in multiple divisions, including core engineering, Google Assistant, and the hardware division.
The company is also cutting 17 underutilized features from Google Assistant, including its premium, default spot on the homepage of Android devices. [ more ]
Microsoft Is Cutting 1,900 Jobs From Its Video Game Division
Microsoft's video game division will lay off 1,900 employees as part of a cost-cutting measure.
The layoffs come after Microsoft's acquisition of Activision Blizzard and are intended to align the company's gaming division with a sustainable cost structure. [ more ]
Focused Cuts and Fewer Layers: Tech Layoffs Enter a New Phase
Tech companies, including Meta, Amazon, Google, and Microsoft, have entered a new phase of cost cutting by making smaller, targeted job trims and focusing on key products like AI.
Some tech start-ups have made deeper job cuts to survive potential extinction, while larger companies are looking for more growth and profit. [ more ]
Bayern Munich to get money from FC Barcelona if Robert Lewandowski nets 25+ goals
FC Barcelona's unusual financial decisions have resulted in various methods of raising cash, including selling stakes, old turf, and YouTube donations. [ more ]
Commercial Brokerages Cut Staff and Diversify to Stem Losses
Commercial real estate brokerages are cutting costs through layoffs and efficiency measures to navigate lower transactions and profits amid higher interest rates. [ more ]
TikTok is reportedly laying off workers to cut costs
TikTok has laid off around 60 employees, mostly from its sales and advertising division, in a routine reorganization to cut costs.
ByteDance, TikTok's parent company, has previously made layoffs at Marvel Snap developer Nuverse. This is a sign of pain in the tech industry. [ more ]
The Guardian view on rail reform: think growth, not managed decline | Editorial
The Department for Transport's bill to reform railways was finally published but may not become law due to limited time before the election. The government's mismanagement has led to a series of railway crises and unpopular decisions.
The government's refusal to invest in the rail industry for the long term and its focus on cost-cutting have resulted in problems like timetabling chaos, service disruptions, and unpopular proposals. [ more ]
Calgary-based Enbridge to cut 650 jobs in effort to shrink costs | CBC News
North American energy pipeline operator Enbridge will cut its workforce by 650 jobs in a bid to cut costs.
The cuts will begin in February and be completed by March 1, and will primarily target vacant positions, contract positions, and staff redeployment. [ more ]
Ofcom paves way for Royal Mail to cut number of days post delivered
Ofcom has outlined two options for changes to letter deliveries in the UK, including reducing the number of deliveries per week and slowing down delivery speed.
The changes could save Royal Mail between 100m and 650m pounds.
The number of letters being sent each year has halved since 2011, while parcel deliveries have increased. [ more ]
As California Closes Prisons, Spending per Inmate Hits Record
The cost of imprisoning one person in California has increased by over 90% in the past decade, reaching a record-breaking $132,860 annually.
California's spending per inmate has continued to increase despite recent cost-cutting moves, propelled by employee compensation deals and costly mandates for improving health care behind bars.
Closing additional prisons could save the state upwards of $1 billion in operating costs, but the savings are not enough to offset increased operational and employee costs. [ more ]