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EV Startup Lucid Cuts 18% of Workforce, Including Some Executives
The maker of high-end electric cars plans to lay off about 1,300 employees. Source link
Knowing Everyone's Salaries Can Light a Fire Under Workers
Seeing a career path to advancement—and believing the process is fair—motivates employees, studies show. Source link
Disney Eliminates Its Metaverse Division as Part of Layoffs Plan
The unit, once seen as developing a new form of storytelling, had about 50 employees. Source link
Disney to Start Its 7,000 Job Cuts This Week
A second, larger round of notices with several thousand more staff reductions will take place in April. Source link
Fear of Layoffs Is Changing How People Buy Homes
An employment contingency can protect buyers in the event of job losses. Source link
China Detains Japanese Employee From Drugmaker Astellas
The arrest on suspicion of spying came as Beijing seeks to reassure foreign executives that it is open for business, and follows a raid on
How Big Companies Choose Who Is Laid Off
The process can involve weeks of debate as employee performance and skill sets are reviewed. Source link
Aerospace Executives Go to Trial Over Alleged No-Poach Deals
Business Law Justice Department is still trying to win its first trial over alleged criminal labor-market collusion Source link
UAW Members Elect Reform Candidate as President
Shawn Fain will take charge of the union ahead of contract talks with Detroit auto makers set to begin this summer. Source link
Facebook Parent Plans Lower Bonus Payouts for Some Staff
Meta Platforms plans to adjust its performance review process, saying it is ‘optimizing’ for the year ahead. Source link