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Tag: layoffs
Power Semiconductor Giants amid Struggles: 8,800+ Layoffs as Market Slows and China Emerges
Power semiconductors, once seen as a promising sector alongside AI chips, are now facing challenges due to a…
Nio has reportedly made layoffs across multiple teams
Nio (NYSE: NIO) recently implemented layoffs across various teams, offering compensation packages and reassignments to affected employees. According…
Volkswagen CEO says layoffs and plant closures necessary for cost savings
Volkswagen CEO Thomas Schaefer has announced that the automotive giant sees no alternative to layoffs and plant closures…
Neta making massive layoffs, report says
Neta Auto, a subsidiary of Hozon Auto, a Chinese electric vehicle (EV) manufacturer, is currently facing operational challenges.…