Tesla Slashes Workforce by Over 10%, Prepares for “Next Phase of Growth” Electric vehicle giant Tesla announced a significant workforce reduction exceeding 10% globally, according to a company memo from CEO Elon Musk. The news comes amidst a backdrop of declining stock prices and production challenges. Cost Cutting and IncreasedContinue Reading

Buyout Firms Score Big As Wall Street Banks Regain Loan Market Share Companies are ditching private lenders for cheaper rates and looser terms from traditional banks. This year, a whopping $16 billion in loans have moved from private credit funds to public markets like syndicated loans and bonds. Companies likeContinue Reading