layoffs
Massive Layoffs Hit Troubled Robotaxi Developer Cruise
Cruise, General Motors’ self-driving development subsidiary, will lay off almost a quarter of its workforce—about 900 employees—the company announced Thursday. The cuts are part of a broader restructuring to focus the robotaxi unit on a narrower path to commercialization. Instead of expanding its commercial robotaxi service to multiple US cities, the company will relaunch its…
Spotify’s CFO is out days after mass layoffs
Of all the layoffs happening at Spotify this week, this has to be the biggest. Chief financial officer Paul Vogel, who since 2020 has managed the company’s balance sheet as it expanded into podcasting and audiobooks, is leaving the company at the end of March 2024. Spotify CEO Daniel Ek said the decision was made…