‘No longer sure bets’: Tech giants are dropping bad news daily

The drumbeat continued yesterday, as Tesla Inc. Chief Executive Officer Elon Musk told employees the electric-vehicle maker needs to reduce its salaried workforce by 10% and pause hiring worldwide. Cryptocurrency exchange Coinbase Global Inc. also said it will extend a hiring freeze and rescind a number of accepted job offers, citing market conditions.

from Tech-Economic Times https://ift.tt/wNPnBpa