#mass-layoffs

#mass-layoffs

When it comes to AI, you'd be hard-pressed to find a more groveling cheerleader than the humble CEO. As hype around the software grows, business execs have become astonishingly comfortable sharing their hopes that AI will soon make human labor a thing of the past. Now, even as Wall Street begins to reckon with the empty promises of AI automation, one CEO is bragging about laying off almost all of his workforce in the face of the tech - a move he says he would make again.

One of the strangest things about appointing Elon Musk as the head of government spending efficiency is that he's largely known for easily preventable and repeated company value loss. There's that time Tesla stock plummeted because he smoked weed on the Joe Rogan show, there's that time Tesla stock sank by 26% after he "gave his heart out" via sieg heil,

"The parties have reached a settlement agreement in principle and began negotiating the terms of a long form settlement agreement," according to court documents filed by both sides, seen by the BBC. Details of the agreement are not yet public and will require the courts' approval. The lawsuit, led by former Twitter employee Courtney McMillian, says about 6,000 people were wrongly denied benefits under the company's severance plan.

The WARN Act was specifically written for cities like Mountain View, cities with single employers that employ a large portion of the local workforce.