The company said the layoffs are not related to 2022 performance or 2023 expectations.
Tech bigwigs are sacking significant portions of their workforce, leaving the industry worried and puzzled.
Mass-market carmaker Ford and luxury-focused Jaguar Land Rover have announced sweeping restructuring that will cost thousands of jobs in Europe.
In its fifteen-year existence the company headed up by Elon Musk has not made a profit, and it's burning through cash at an unprecedented rate.
Britain's best-known engineering company prepares 4,000 job cuts after its announcement that a costly compressor problem that had grounded Boeing planes had spread to a different type of engine.
The German car maker's plan is part of an effort to recover from the diesel emissions cheating scandal and to invest further in electric and self-driving cars.
Twitter announces plans to drop 300 employees in a decision that comes after its efforts to sell the social networking site failed.
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