Category : Search result: Tesla restructuring


Pharma Giant Cuts 9,000 Jobs in Major Restructure

A major pharmaceutical multinational has announced a drastic cost-cutting plan, putting 9,000 roles at risk globally. The move signals deepening turmoil within the industry, raising concerns for the UK's strategic life sciences sector.

Body Found in Musician's Rented Tesla - Police Probe

UK police launch investigation after a deceased individual is discovered inside a Tesla hired by musician d4vd. The rising star is fully cooperating with authorities as forensics examine the electric vehicle.

Driver Blames Tesla Autopilot After DUI Arrest

A California motorist arrested for drunk driving attempted to blame his Tesla's Autopilot feature, claiming the vehicle was in control. Police report he was found asleep at the wheel on a freeway off-ramp.

Reach PLC Announces Restructuring, 450 Jobs at Risk

UK publishing powerhouse Reach PLC, owner of the Daily Mirror and Express, has unveiled a significant restructuring plan that could lead to 450 job cuts. The move is a strategic response to a challenging print market and rising costs, aiming to refocus on

NSW regulator lifts order blocking UTS job cuts

The University of Technology Sydney can proceed with its controversial restructure after the NSW regulator lifted its order, despite ongoing union concerns over job losses and transparency.

Atlassian Axes 5% of Staff in Major AI Restructuring

Australian tech giant Atlassian, co-founded by billionaire Mike Cannon-Brookes, is laying off 5% of its staff in a strategic pivot towards artificial intelligence, impacting hundreds of employees globally.

Tesla's New $1 Trillion Pay Deal For Elon Musk

Tesla's board is reportedly preparing a new, monumental pay deal for CEO Elon Musk, potentially worth up to $1 trillion, as the electric vehicle giant seeks to secure his leadership for the long term and tie his compensation directly to unprecedented mark

Smokey Bones closes UK restaurants in strategic shake-up

American restaurant chain Smokey Bones, a direct competitor to TGI Fridays, has suddenly closed several of its UK branches. The closures are part of a major strategic review, leaving customers and staff surprised. Find out which locations are affected and

Elon Musk's £44bn Tesla pay package approved by shareholders

Tesla shareholders have overwhelmingly approved Elon Musk's colossal £44 billion compensation package, reinstating the largest CEO pay deal in corporate history after a legal battle. The vote signals strong investor confidence in Musk's leadership despite

Claire's to close UK stores in restructuring move

Iconic accessories retailer Claire's is set to close several of its UK stores as part of a major Company Voluntary Arrangement (CVA) restructuring plan, impacting the British high street.

Lloyds Bank Puts 1,600 Jobs Under Review in Restructure

Exclusive: Lloyds Banking Group launches a sweeping operational review, putting 1,600 roles under consultation while simultaneously creating 830 new positions in a strategic shift towards enhanced digital services.

Thames Water: Creditors propose £20bn rescue package

Major creditors have tabled a radical £20 billion restructuring plan to rescue Thames Water from administration, aiming to secure the future of Britain's largest water company and prevent a national crisis.

New Tesla Model Y Performance: 0-60 in 3.4s

Tesla has launched a radically upgraded Model Y Performance in the UK, boasting a staggering 0-60mph time of 3.4 seconds, a bespoke performance chassis, and a new 'Track Mode' for enthusiasts.

Lotus to Cut 200 Jobs in Major Electric Vehicle Restructure

Norfolk-based sports car manufacturer Lotus is set to cut up to 200 jobs as part of a significant restructuring plan, citing a necessary strategic pivot towards an all-electric future under its Chinese parent company, Geely.

Costa Coffee Axes 1,650 Jobs in UK Restructuring

Costa Coffee, the UK's largest coffee shop chain, is slashing 1,650 jobs in a devastating blow to the high street. The drastic cuts come as parent company Coca-Cola implements a major restructuring plan to address changing consumer habits post-lockdown.

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