10 things in tech you need to know today

Source: www.businessinsider.com – Monday, May 18, 2020
Good morning! This is the tech news you need to know this Tuesday. Uber confirmed on Monday that it would lay off 3,000 more employees, following a previous round of job cuts in May . In an email to staff , CEO Dara Khosrowshahi outlined other restructuring efforts, like closing offices and slowing investments. Uber's CEO and board of directors have given up their cash salaries for 2020 in a gesture of solidarity . CEO Dara Khosrowshahi is usually paid $1 million per year. Tesla will reportedly restart "full production" at its Fremont, California facility this week, according to a letter obtained by the San Francisco Chronicle from Tesla execs to employees . The Fremont facility became a major point of contention between Tesla CEO Elon Musk and Alameda County officials. SoftBank CEO Masayoshi Son said he was "foolish" to invest $18.5 billion in WeWork . SoftBank gave WeWork's valuation has fallen from a peak of $47 billion to $2.9 billion . Jack Dorsey's payment company Square just employees they can work from home permanently . Square's new work-from-home policy follows a similar change last week by Twitter, where Dorsey is also the CEO. TikTok announced it has named Kevin Mayer, Disney's head of streaming services, as its new CEO . Mayer will work out of TikTok's new Los Angeles office, but will oversee the app's operations globally. Panasonic and Tesla are in talks to expand battery production at their Nevada factory after se

All Related
%d bloggers like this: