Cruise automaker, owned by General Motors, announced it will cut 900 jobs after its robot taxi operations were shut down by California regulators. Most of the job cuts are in corporate and commercial roles following the suspension of driverless operations nationwide. This move comes after authorities accused Cruise of “misrepresenting” its technology and orders to stop operating in California. The layoffs are the result of a decline in sales due to the shutdown. The dismissed employees will continue to receive pay, healthcare, and bonuses. G.M. has appointed two executives to lead Cruise after several senior executives resigned. The layoffs are part of a trend of job cuts in the tech industry this year.
Cruise Line Slashes 25 Percent of Workforce Amid Struggles
The career of Roger Fidler exemplifies a warning: Sometimes, you can predict the future but still fall victim to it. Three decades ago, Mr. Fidler was a media executive promoting a vision of the future for newspapers. The rise of digital technology would allow for news to be accessed on portable devices all day long, […]Read More
Roger Fidler has had a front-row seat to the digital revolution in the newspaper industry. Thirty years ago, he was advocating for the future of newspapers as portable digital devices that would offer multimedia content to readers. While his vision has largely come to fruition with people constantly online and engaged with news, traditional media […]Read More
President Biden will issue an executive order to restrict the sale of American data to China, Russia, and four other countries in an effort to protect sensitive information from being used for malicious purposes. The order aims to prevent personally identifying data, such as locations, health records, and genetics, from being obtained by these countries […]Read More