Tag Archives: furlough
Headspace is offering free mindfulness courses to unemployed Americans
Lyft lays off nearly 1,000 employees
FCC Chairman Ajit Pai cancels CES appearance
For the second year in a row, FCC Chairman Ajit Pai has cancelled his appearance at CES, though this time around, it's under very different circumstances. According to Politico Pro, both he and Commissioner Brendan Carr have had to cancel their CES p...
Faraday Future furloughs hundreds more employees
Electric vehicle startup Faraday Future is planning to furlough hundreds of its employees as a result of an ongoing dispute with the company's primary investor. The latest round of cuts, which will affect at least 250 employees, follows significant c...
Faraday Future co-founder reportedly resigns amid job furloughs
Faraday Future's struggles only appear to be getting worse. The Verge has obtained an email indicating that company co-founder Nick Sampson (above) has resigned, effective immediately. And he didn't mince words, according to the report. Faraday is...
Furloughs called off at Black Hawk Maker
It is not just government employees that get hit hard by the government shutdown. The longer the shutdown takes the more it spills over into the private sector. Government contractors like United...
Fisker puts US workers on furlough to conserve cash
Fisker's cash reserves have been in trouble ever since its Department of Energy loans were frozen, and now its putting its US workforce on furlough to keep money in the bank while it searches for a partner with deep pockets. "This is a common practice, particularly in the automotive industry, to manage costs and operations based on current activity levels and commercial requirements," said Fisker, which has over 200 employees in America, in a statement concerning the unpaid leave. Considering that battery woes and other mishaps have contributed to keeping assembly lines quiet, current activity levels are indeed low. Reuters says the automaker hasn't built a car since July, and it's coming up against a federal loan payment in late April. According to the outlet, Fisker was aiming to partner with Chinese auto companies that could bolster its finances, but talks are said to have crawled to a stop. Regardless, the firm is still on the lookout for an investor to fuel the production of its Atlantic hybrid.
Filed under: Transportation
Source: Reuters