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Tim Hardaway Jr. Has Kept Denver Afloat Amid Injuries
SportYahoo16d ago

Tim Hardaway Jr. Has Kept Denver Afloat Amid Injuries

A series of injuries has marred the Nuggets’ entire season. Outside of Jamal Murray, all of their starters have missed extended time. Nevertheless, they still find themselves near the top of the Western Conference. The Nuggets have many reasons to thank for their perseverance. Murray has been stellar all season long, achieving All-Star status for […] The post Tim Hardaway Jr. Has Kept Denver Afloat Amid Injuries appeared first on The Lead.

After 1,600 layoffs, Atlassian CEO says: 'We kept the skills we need'
TechnologyTimes of India1d ago

After 1,600 layoffs, Atlassian CEO says: 'We kept the skills we need'

Atlassian has laid off approximately 1,600 employees, about 10% of its global workforce, to invest more in AI and enterprise sales. The cuts primarily affected R&D roles. CEO Mike Cannon-Brookes highlighted the difficult decision, emphasizing the need for competitiveness. The company is offering generous severance packages, with redundancy and office exit costs estimated at over $236 million.

Politicsbatimes8d ago

Milei Signs Labor Reform in Argentina

Argentine President Javier Milei has signed a labor reform bill introducing new rules for contracts, strikes, and severance, aiming to overhaul the country's labor market.

Samsung bonus ruling ignites severance battle
BusinessKorea Herald23d ago

Samsung bonus ruling ignites severance battle

Samsung Group affiliates are bracing for a new wave of severance pay lawsuits after the Supreme Court ruled last month that Samsung Electronics’ target-based bonus must be treated as wages when calculating retirement pay. Legal sources said Thursday that unions and former employees at Samsung Electronics Service, Samsung Fire and Samsung SDS are consulting with law firm A Pro on potential claims seeking additional severance. The legal turning point came Jan. 29, when the Supreme Court held that

How the second track was built (VIDEO)
Businessdelo3d ago

How the second track was built (VIDEO)

The construction of Slovenia's 'Drugi tir' (Second Track) railway project is highlighted as a testament to Slovenian perseverance and engineering expertise, showcasing the crucial role of the country's construction sector in avoiding a failed investment.

Icelandic Ministries' Severance Pay Costs
Politicsruv10d ago

Icelandic Ministries' Severance Pay Costs

Icelandic ministries and their sub-agencies have varied costs for severance agreements, with the Ministry of Justice having paid the most, according to responses to a parliamentary inquiry.

Austrian Startups CEO Calls for Unified EU Market
Businessdie-presse13d ago

Austrian Startups CEO Calls for Unified EU Market

Hannah Wundsam, CEO of AustrianStartups, emphasizes the importance of entrepreneurship, stating that startups are born from passion and sustained by perseverance. She advocates for a common EU market to foster their growth.

Read the memo: Tesla rival Lucid cuts 12% of its US workforce as EV winter takes hold
BusinessBusiness InsiderYahoo22d ago2 sources

Read the memo: Tesla rival Lucid cuts 12% of its US workforce as EV winter takes hold

Lucid launched its latest EV, the Gravity SUV, last year. Josh Lefkowitz/Getty Images EV startup Lucid Motors is cutting 12% of its US employees as demand for electric vehicles plummets. CEO Marc Winterhoff told staff on Friday that the cuts were necessary as Lucid attempts to become profitable. The US is facing an EV winter as sales plummet and manufacturers pull back their electric vehicle plans. Tesla rival Lucid is slashing its workforce as the EV winter tightens its grip. EV startup Lucid is cutting 12% of US employees, according to an email interim CEO Marc Winterhoff sent to unaffected employees on Friday, which Business Insider has seen. Winterhoff said the cuts would exclude hourly production employees in manufacturing, logistics, and quality. "This difficult but necessary decision was made to improve organisational effectiveness and optimize our resources as we continue on our path toward profitability," he wrote. It comes as Lucid faces a difficult environment for EV makers amid an industry-wide downturn, with sales plummeting following the end of the $7,500 tax credit in September. In its most recent earnings report in November, the company reported a net loss of nearly $1 billion. Lucid reports Q4 earnings next week. A Lucid spokesperson told Business Insider the cuts would not impact the company's hourly production workforce in Arizona, adding that the cuts were designed to "streamline" the organisation as it seeks long-term growth and margin improvement. "We are grateful for the contributions of all impacted employees and are providing resources, benefits, and support to assist them through this transition," they said. Read Lucid CEO Marc Winterhoff's full memo: Team; Today I want to share an important business update. We have implemented a 12% reduction of our U.S. workforce, excluding hourly production employees in manufacturing, logistics, and quality. This difficult but necessary decision was made to improve operational effectiveness and optimize our resources as we continue on our path toward profitability. If you are receiving this message, your role is not impacted. We are streamlining our organization so we can operate with greater efficiency and deliver on our commitments to gross margin improvement and long-term growth. We will continue to evaluate our day-to-day work to ensure that our time, energy, and resources remain focused on the initiatives that drive the greatest impact. This disciplined approach to execution is a core operational imperative for Lucid. Importantly, today's actions do not affect our strategy. Our core priorities remain unchanged, and we continue to focus on the start of production of our Midsize platform. With disciplined execution, we are also focused on further expansion into the robotaxi market, continued ADAS and software development, and growth in sales of Lucid Gravity and Air across existing and new geographies. Saying goodbye to colleagues is never easy. We are grateful for the contributions of those impacted by today's actions, and we are providing severance, bonus, continued health benefits, and transition support to help them through this period. As we move through today, I ask everyone to treat one another with empathy, professionalism, and respect, recognizing the personal impact these changes have on our teammates. To sustain and build on progress made in 2025, we must remain focused, operate with discipline, and execute with urgency. I know we are asking a great deal of our team, and I sincerely appreciate your continued commitment, resilience, and professionalism. I will address today's actions and answer questions during Monday's Town Hall. As always, you may presubmit your questions on The Hub. Warm regards, Marc Are you a Lucid employee or former employee with a story to share? Get in touch with this reporter at tcarter@insider.com. Read the original article on Business Insider