Tesla, the electric vehicle giant, is facing tough times with declining sales, leading to a significant reduction in its workforce. An internal memo obtained by Reuters reveals plans to lay off more than 10% of its global employees. This move reflects Tesla’s response to market challenges, as it aims to streamline operations and cut costs…
Despite efforts by the Federal Reserve to moderate economic growth, the job market in the United States continues to defy expectations. April saw a surprising surge in job openings, reaching a staggering 10.1 million. This unexpected rise underscores the resilience of the U.S. economy and its ability to withstand external pressures. The strong demand for…
The U.S. immigration system’s backlog is hitting highly skilled Indian professionals hard, with over a million stuck in limbo. Data from USCIS show that these individuals, along with their families, face waits that could stretch for decades due to caps on green cards and per-country limits. Congress set the annual limit for employment-based green cards…
Apple’s recent decision to lay off over 700 employees has left many in shock, especially considering the company’s previous track record of avoiding large-scale job cuts. The layoffs stem from the shutdown of major projects, notably the termination of the ambitious car project, Project Titan, and the cessation of efforts to develop Micro-LEDs for the…
Novartis, the Swiss pharmaceutical giant, has announced plans to streamline operations by cutting up to 680 jobs in its development organization, with around 440 positions in Switzerland and up to 240 roles in the United States affected over the next few years. This decision aligns with a broader restructuring program aiming to potentially cut 8,000…