Personnel

Elon Musk has pulled more than 50 Tesla employees into his Twitter takeover

Elon Musk has pulled more than 50 Tesla employees into his Twitter takeover

The Twitter profile page belonging to Elon Musk is seen on an Apple iPhone mobile phone. Nurphoto Nurphoto Getty Images New Twitter owner Elon Musk has pulled more than 50 of his trusted Tesla employees, mostly software engineers from the Autopilot team, into his Twitter takeover, CNBC has learned. Musk, who is CEO of automaker …

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Inside a Chinese iPhone Plant, Foxconn Grapples With Covid Chaos

Inside a Chinese iPhone Plant, Foxconn Grapples With Covid Chaos

HONG KONG—Foxconn Technology 2354 -0.76% Group is scrambling to contain a weekslong Covid-19 outbreak at an iPhone factory in central China, trying to appease frightened and frustrated workers during a crucial period for smartphone orders. In Foxconn’s main Zhengzhou facility, the world’s biggest assembly site for Apple Inc.’s AAPL 7.56% iPhones, hundreds of thousands of …

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Intel to Cut Jobs in Cost-Savings Drive as PC Slump Weighs on Earnings

Intel to Cut Jobs in Cost-Savings Drive as PC Slump Weighs on Earnings

Intel Corp. INTC -3.45% has embarked on an aggressive cost-cutting push as the chip maker tries to navigate a sharp plunge in demand for PCs that has weighed on the company’s earnings. Intel posted a 20% drop in third-quarter sales, issued a forecast for even weaker revenue in the current quarter and lowered its full-year …

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Intel stock rises on earnings beat, plans for layoffs, billions in cost cuts planned

Intel stock rises on earnings beat, plans for layoffs, billions in cost cuts planned

Intel Corp. shares rose after hours Thursday after the chip maker topped Wall Street earnings estimates for the quarter and PC-chip sales came in slightly higher than expected, while the company trimmed its full-year outlook once more and said it expects to cut costs by $3 billion in 2023, including layoffs. Intel INTC, -3.45% shares …

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'Billions of dollars get left behind': The 401(k) industry now has a 'lost and found' for your old retirement accounts

‘Billions of dollars get left behind’: The 401(k) industry now has a ‘lost and found’ for your old retirement accounts

JGI | Jamie Grill | Blend Images | Getty 401(k) plans hold a whopping $7.7 trillion in retirement savings. But cash-outs of small accounts pull billions from the system each year and can harm investors’ chances of a secure retirement, research shows. A trio of the industry’s largest 401(k) administrators — Fidelity Investments, Vanguard Group …

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Americans are suffering from 'recession fatigue,' report finds

Americans are suffering from ‘recession fatigue,’ report finds

A recession is a very real possibility. As the Federal Reserve aggressively raises rates to combat persistent inflation, the tough stance could come at a price. Already, falling stock markets have wiped out more than $9 trillion in wealth from US households. Fed Chairman Jerome Powell also warned the central bank’s upcoming moves to fight …

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Google CEO Pichai tells employees not to 'equate fun with money' in a heated all-hands meeting

Google CEO Pichai tells employees not to ‘equate fun with money’ in a heated all-hands meeting

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty Images As Google tries to navigate an unfamiliar environment of slowing growth, cost cutting and employee dissent over cultural changes, CEO Sundar Pichai is finding himself on …

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22-year-old shares nightmare of getting scammed by a fake job: 'I went from excited to devastated in a month'

22-year-old shares nightmare of getting scammed by a fake job: ‘I went from excited to devastated in a month’

Callie Heim was thrilled to start her marketing job with Waymo, the buzzy self-driving car company, earlier this summer. She’d had a tough year — her mom recently passed away, she moved back home and she was adjusting to life after college. The job offer felt like a turning point: “I was at my lowest …

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This map shows where Amazon is closing warehouses across the country

This map shows where Amazon is closing warehouses across the country

Amazon is paring back its warehouse footprint across the country after it aggressively added more buildings to its network to meet a pandemic-driven surge in e-commerce demand. The retail giant has closed or canceled 44 facilities and delayed the opening of 25 sites as of this week, according to MWPVL International, a supply chain and …

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Railroads say they won't lock out workers as negotiators meet with Labor Secretary Walsh

Railroads say they won’t lock out workers as negotiators meet with Labor Secretary Walsh

Negotiators from railroad carriers and unions met in Labor Secretary Marty Walsh’s office Wednesday as the sides tried to negotiate a deal ahead of Friday’s strike deadline. The meeting started just after 9 am ET. A spokesperson for the Labor Department said talks were ongoing as of noon. “The parties are negotiating in good faith …

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