An Indian woman in the US shared on LinkedIn how she was suddenly laid off by Tesla, where she worked as a Business Process Analyst. She mentioned being one of the 10 per cent&nbsp;of employees let go this week and described the experience as "disheartening and distressing." She asked for help finding her next job.

"I could never have imagined that I would be typing this message. It's truly unfortunate that I am among the 10% of Tesla employees who were laid off today. The sudden logging out from all business platforms yesterday heightened my unease, and this was confirmed this morning," Karnik wrote in her LinkedIn post.

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Karnik disclosed that she began her tenure at Tesla as an intern and steadily advanced to become a Business Process Analyst.

"It's disheartening and distressing to find myself in this situation," she said.&nbsp;

"Adding to the challenge is my status on an F1-OPT visa, which gives me just a 60-day window to secure new employment," Karnik continued.&nbsp;

She asked her LinkedIn connections for help and urged them to assist in finding job leads.

"I'm reaching out to my network for support as I explore opportunities in Process, Operations, and Business Analytics roles. Any leads or job openings you can share would be greatly appreciated," she concluded.&nbsp;

Karnik posted the update just two days ago. Since then, it has received nearly 3,000 reactions and numerous comments.

<a href="https://www.wionews.com/india-news/tesla-can-make-36-billion-in-revenue-from-ev-sales-in-india-by-2030-heres-how-710153">Also read |&nbsp;Tesla can make $3.6 billion in revenue from EV sales in India by 2030. Here's how</a>

<h2>Tesla downsizes</h2>

Meanwhile, reports indicate that Elon Musk's electric vehicle company announced on Monday its intention to reduce its global workforce by more than 10 per cent. In an internal email obtained by electrick.com,&nbsp;Musk cited rapid expansion resulting in role duplication and emphasised the need for cost reduction to facilitate the company's "next phase of growth".

Also watch |&nbsp;Tesla stock hits 15-month low as Deutsche Bank cites risk

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/tesla-stock-hits-15-month-low-as-deutsche-bank-cites-risk-712843/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

"As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity. As part of this effort, we've done a thorough review of the organisation and made the difficult decision to reduce our headcount by more than 10% globally. There is nothing I hate more, but it must be done," he wrote.

(With inputs from agencies)

&nbsp;

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An Indian woman in the US shared on LinkedIn how she was suddenly laid off by Tesla, where she worked as a Business Process Analyst. She mentioned being one of the 10 per cent of employees let go this week and described the experience as "disheartening and distressing.

An Indian woman in the US shared on LinkedIn how she was suddenly laid off by Tesla, where she worked as a Business Process Analyst. She mentioned being one of the 10 per cent of employees let go this week and described the experience as "disheartening and distressing." She asked for help finding her next job. "I could never have imagined that I would be typing this message. It's truly unfortunate that I am among the 10% of Tesla employees who were laid off today. The sudden logging out from all business platforms yesterday heightened my unease, and this was confirmed this morning," Karnik wrote in her LinkedIn post. × Karnik disclosed that she began her tenure at Tesla as an intern and steadily advanced to become a Business Process Analyst. "It's disheartening and distressing to find myself in this situation," she said. "Adding to the challenge is my status on an F1-OPT visa, which gives me just a 60-day window to secure new employment," Karnik continued. She asked her LinkedIn connections for help and urged them to assist in finding job leads. "I'm reaching out to my network for support as I explore opportunities in Process, Operations, and Business Analytics roles. Any leads or job openings you can share would be greatly appreciated," she concluded. Karnik posted the update just two days ago. Since then, it has received nearly 3,000 reactions and numerous comments. Also read | Tesla can make $3.6 billion in revenue from EV sales in India by 2030. Here's how Tesla downsizes Meanwhile, reports indicate that Elon Musk's electric vehicle company announced on Monday its intention to reduce its global workforce by more than 10 per cent. In an internal email obtained by electrick.com, Musk cited rapid expansion resulting in role duplication and emphasised the need for cost reduction to facilitate the company's "next phase of growth". Also watch | Tesla stock hits 15-month low as Deutsche Bank cites risk "As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity. As part of this effort, we've done a thorough review of the organisation and made the difficult decision to reduce our headcount by more than 10% globally. There is nothing I hate more, but it must be done," he wrote. (With inputs from agencies)

Tesla layoffs: Indian woman in US among 10% affected, calls the process 'distressing'

Cost-cutting, efficiency, and macroeconomics seem to be the keywords that Google CEO Sundar Pichai has been using rather frequently in front of his employees for the majority of this quarter.

Cost-cutting, efficiency, and macroeconomics seem to be the keywords that Google CEO Sundar Pichai has been using rather frequently in front of his employees for the majority of this quarter. Now, at a companywide meeting this week, Pichai told employees not to 'equate fun with money'. Reportedly, during the meeting, which turned heated at times according to sources, Pichai was asked by an employee as to why the company, despite recording profits and high cash reserves was slashing travel budgets, allowances, and other perks. “I remember when Google was small and scrappy. Fun didn’t always...we shouldn’t always equate fun with money. I think you can walk into a hard-working startup and people may be having fun and it shouldn’t always equate to money,” said Pichai in response. Talking about the uncertainty in macroeconomics, the Google boss further added, “How do I say it? Look, I hope all of you are reading the news, externally. The fact that you know, we are being a bit more responsible through one of the toughest macroeconomic conditions underway in the past decade, I think it’s important that as a company, we pull together to get through moments like this.” It is pertinent to note that Pichai's statements come in the backdrop of Alphabet Inc., Google's parent company, reporting a second successive quarter of weaker-than-expected earnings and revenue in July. As reported by WION, earlier this month as well, Pichai talked about the company taking a more conservative approach when it came to hiring and simultaneously increasing the efficiency of the employees as the macroeconomics remained uncertain. Read more: Sundar Pichai hints at slashing Google workforce, wants company 20% more efficient “We want to make sure as a company, when you have fewer resources than before, you are prioritizing all the right things to be working on and your employees are really productive that they can actually have impact on the things they’re working on, so that’s what we are spending our time on.” The Google boss further added that as a company they were looking to get 20 per cent more productive, “Across everything we do, we can be slower to make decisions. You look at it end-to-end and figure out how to make the company 20 per cent more productive.” Read more: Google to slow down hiring, says Sundar Pichai in a memo to staff (With inputs from agencies) WATCH WION LIVE HERE:

'Don't equate fun with money', millionaire Google CEO Sundar Pichai's advice to employees

The latest addition to the cast of dark comedy ‘The Menu’ is ‘Downsizing’ actress Hong Chau. The film will also see actors Anya Taylor-Joy and Ralph Fiennes in lead roles.&nbsp;

 
‘The Menu’ has been co-written by Will Tracy and Seth Reiss and will be directed by Mark Mylod, suggest reports.&nbsp;

 
The film follows a couple who visits an up-scale, exclusive restaurant on a remote island where decorated chef (to be played by Ralph Fiennes) prepares a delicious tasting menu. ‘The Menu’ has reportedly been described as a dark comedy-psychological thriller set in an outlandish culinary culture.&nbsp;

 
Adam McKay, who has won an Oscar for ‘Best Adapted Sreenplay’ in 2016 for ‘The Big Short’, among other nominations, will be backing the project under his Hyperobject Industries banner along with Betsy Koch.&nbsp;

 
Meanwhile, Hong Chau has just wrapped up Darren Aronofsky's next 'The Whale'. She will also be seen in Kelly Reichardt’s next 'Showing Up'. 
&nbsp;

The latest addition to the cast of dark comedy ‘The Menu’ is ‘Downsizing’ actress Hong Chau. The film will also see actors Anya Taylor-Joy and Ralph Fiennes in lead roles.

The latest addition to the cast of dark comedy ‘The Menu’ is ‘Downsizing’ actress Hong Chau. The film will also see actors Anya Taylor-Joy and Ralph Fiennes in lead roles. ‘The Menu’ has been co-written by Will Tracy and Seth Reiss and will be directed by Mark Mylod, suggest reports. The film follows a couple who visits an up-scale, exclusive restaurant on a remote island where decorated chef (to be played by Ralph Fiennes) prepares a delicious tasting menu. ‘The Menu’ has reportedly been described as a dark comedy-psychological thriller set in an outlandish culinary culture. Adam McKay, who has won an Oscar for ‘Best Adapted Sreenplay’ in 2016 for ‘The Big Short’, among other nominations, will be backing the project under his Hyperobject Industries banner along with Betsy Koch. Meanwhile, Hong Chau has just wrapped up Darren Aronofsky's next 'The Whale'. She will also be seen in Kelly Reichardt’s next 'Showing Up'.

‘Downsizing’ actor Hong Chau joins cast of dark comedy ‘The Menu’

Chinese TV and smartphone vendor LeEco said it will cut over 300 jobs at its US&nbsp;business, amounting to almost three-quarters of its local workforce, as the cash-strapped conglomerate streamlines global operations in response to a shortage of cash.

The cuts are aimed at increasing focus on LeEco&#39;s home market and core TV set and online content business after founder Jia Yueting last year said expansion had been too quick and costly.

LeEco stretched from video streaming to TV sets, smartphones, sports and even electric vehicles in a little over a decade, employing 14,000 people globally as of late last year.

&quot;The breadth of our business model is capital intensive,&quot; LeEco said in a statement. This &quot;made it difficult in the past few months to support&quot; all its businesses.

&quot;As a result, the capital we do have will have to be highly focused resulting in a significant restructuring and streamlining of our business, operations and workforce.&quot;

Reuters earlier reported, citing a person with knowledge of the plans, that LeEco aimed to cut US&nbsp;personnel to about 60 people. That would compare with &quot;around 500&quot; when LeEco formally launched US&nbsp;operations in October.

The cuts will total 325, said Teri Daley, LeEco&#39;s general manager of communications, including high-profile &quot;leadership&quot; hires formerly at Samsung Electronics and Qualcomm.

She declined to specify the size of the remaining headcount, but said an office in San Diego, California, will close while&nbsp;its presence in Los Angeles would be downsized.

Big company disease

LeEco, headed by founder Jia, has been scaling back overseas operations, making cuts in India, selling property in Silicon Valley and pulling out of a deal to buy US&nbsp;TV maker Vizio.

Jia told reporters on Sunday the cuts were to remove low-efficiency workers, especially from non-listed businesses.

As recently as October, Jia said a planned new North American campus would be able to house 12,000 employees. But in November, he said LeEco was facing &quot;big company disease&quot; and suffering a shortage of cash.

In March, Reuters reported that LeEco had agreed to sell the land earmarked for the campus.

While the US&nbsp;cuts are part of a strategy to refocus on the Chinese market, businesses at home such as smartphones and sports could also face major cuts, said the person with knowledge of the US&nbsp;job cut plans.

&quot;They will focus more on China,&quot; the person said. &quot;If you&#39;re looking for trends to follow in the future, you&#39;ll probably see a continued focus on the TV business.&quot;

LeEco said the cuts were not the beginning of the end of its US&nbsp;ambitions, but that it would take a more &quot;phased approach&quot;.

&quot;We are committed to staying in the US,&quot; Daley said. LeEco will continue to sell TV sets and content as well as smartphones but will narrow focus to Chinese-American consumers, she said.

(Reuters)

The cuts are aimed at increasing focus on LeEco's home market and its core TV set and online content business

Chinese TV and smartphone vendor LeEco said it will cut over 300 jobs at its US business, amounting to almost three-quarters of its local workforce, as the cash-strapped conglomerate streamlines global operations in response to a shortage of cash. The cuts are aimed at increasing focus on LeEco's home market and core TV set and online content business after founder Jia Yueting last year said expansion had been too quick and costly. LeEco stretched from video streaming to TV sets, smartphones, sports and even electric vehicles in a little over a decade, employing 14,000 people globally as of late last year. "The breadth of our business model is capital intensive," LeEco said in a statement. This "made it difficult in the past few months to support" all its businesses. "As a result, the capital we do have will have to be highly focused resulting in a significant restructuring and streamlining of our business, operations and workforce." Reuters earlier reported, citing a person with knowledge of the plans, that LeEco aimed to cut US personnel to about 60 people. That would compare with "around 500" when LeEco formally launched US operations in October. The cuts will total 325, said Teri Daley, LeEco's general manager of communications, including high-profile "leadership" hires formerly at Samsung Electronics and Qualcomm. She declined to specify the size of the remaining headcount, but said an office in San Diego, California, will close while its presence in Los Angeles would be downsized. Big company disease LeEco, headed by founder Jia, has been scaling back overseas operations, making cuts in India, selling property in Silicon Valley and pulling out of a deal to buy US TV maker Vizio. Jia told reporters on Sunday the cuts were to remove low-efficiency workers, especially from non-listed businesses. As recently as October, Jia said a planned new North American campus would be able to house 12,000 employees. But in November, he said LeEco was facing "big company disease" and suffering a shortage of cash. In March, Reuters reported that LeEco had agreed to sell the land earmarked for the campus. While the US cuts are part of a strategy to refocus on the Chinese market, businesses at home such as smartphones and sports could also face major cuts, said the person with knowledge of the US job cut plans. "They will focus more on China," the person said. "If you're looking for trends to follow in the future, you'll probably see a continued focus on the TV business." LeEco said the cuts were not the beginning of the end of its US ambitions, but that it would take a more "phased approach". "We are committed to staying in the US," Daley said. LeEco will continue to sell TV sets and content as well as smartphones but will narrow focus to Chinese-American consumers, she said. (Reuters)

LeEco to cut about 70 per cent of US staff amid global pull-back

Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 per cent of the network equipment maker`s global workforce, technology news site CRN reported, citing sources close to the company. 
 
California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition from its hardware roots into a software-centric organization.&nbsp; 
 
Apart from Cisco, the other tech giants, which have announced job cuts in the face of PC industry decline in recent years, are Microsoft Corp, HP Inc and Intel Corp. 
 
Microsoft Corp kicked off one of the largest layoffs in Tech history in July 2014 after it said it would slash 18,000 jobs. 
 
HP Inc said in September 2015 that it expected to cut about 33,300 jobs over three years. 
 
Intel said in April that it would slash up to 12,000 jobs globally, or 11 per cent of its workforce. 
 
Cisco, which had more than 70,000 employees as of April 30, declined to comment. 
 
Cisco increasingly requires &quot;different skill sets&quot; for the &quot;software-defined future&quot; than it did in the past, as it pushes to capture a higher share of the addressable market and aims to boost its margins, the CRN report said citing a source familiar with the situation. 
 
Cisco has been investing in new products such as data analytics software and cloud-based tools for data centers, to offset the impact of sluggish spending by telecom carriers and enterprises on its main business of making network switches and routers. 
 
The company has already offered many early retirement package plans to Cisco`s employees, according to CRN.&nbsp; 
 
Up until Tuesday`s close of $31.12 on the Nasdaq, the company`s stock had risen about 15 per cent this year, compared with a 10.5 per cent increase in the Dow Jones US Technology Hardware &amp; Equipment index.&nbsp; 
 
(Reuters)

The company remained tight-lipped about the matter but sources privy to the information claim the downsizing would begin in next few weeks

Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 per cent of the network equipment maker`s global workforce, technology news site CRN reported, citing sources close to the company. California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition from its hardware roots into a software-centric organization. Apart from Cisco, the other tech giants, which have announced job cuts in the face of PC industry decline in recent years, are Microsoft Corp, HP Inc and Intel Corp. Microsoft Corp kicked off one of the largest layoffs in Tech history in July 2014 after it said it would slash 18,000 jobs. HP Inc said in September 2015 that it expected to cut about 33,300 jobs over three years. Intel said in April that it would slash up to 12,000 jobs globally, or 11 per cent of its workforce. Cisco, which had more than 70,000 employees as of April 30, declined to comment. Cisco increasingly requires "different skill sets" for the "software-defined future" than it did in the past, as it pushes to capture a higher share of the addressable market and aims to boost its margins, the CRN report said citing a source familiar with the situation. Cisco has been investing in new products such as data analytics software and cloud-based tools for data centers, to offset the impact of sluggish spending by telecom carriers and enterprises on its main business of making network switches and routers. The company has already offered many early retirement package plans to Cisco`s employees, according to CRN. Up until Tuesday`s close of $31.12 on the Nasdaq, the company`s stock had risen about 15 per cent this year, compared with a 10.5 per cent increase in the Dow Jones US Technology Hardware & Equipment index. (Reuters)

Cisco to lay off 14,000 jobs: Report

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