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Layoff Announcement..! Now this company showed the way out to 550 employees, Know reason

Autonomous vehicle technology company Motional has laid off about 550 employees in America. The company is halting commercial operations and delaying plans to launch a robotaxi service.

Layoff: Autonomous vehicle technology company Motional has laid off about 550 employees in America. According to the report released on Saturday, according to Worker Adjustment and Retraining Notification (WARN), about 145 of the dismissed employees worked in the city of Pittsburgh, Pennsylvania.

According to a TechCrunch report on Saturday, the company is halting commercial operations and delaying plans to launch a robotaxi service. Every team at Motional has been affected, including Chief Operating Officer Abe Ghebra. There have been ‘significant cuts’ to the team working on Motional’s remote vehicle assistance platform. Motional is a joint venture between Hyundai Motor Group and auto parts supplier Active.

Big companies are doing layoffs

For the last several months, layoffs have been going on in various companies. Google also decided to do layoffs. It is being told that this layoff is being done for cost cutting. It is also being said that the biggest reason for this is AI i.e. Artificial Intelligence. This retrenchment will affect the employees of the real estate and finance department teams. The layoffs done by Google are of global level. The company will send these employees to places where the company has invested, including India, Chicago, Atlanta and Dublin.

It is not just Google that is doing layoffs. Apart from this, many companies have also done layoffs. Ever since AI came into existence, layoffs have been seen in many technology companies. In the year 2024, not only Google, but Tesla, Apple and Amazon have also made layoffs. According to some reports, more than 58 thousand people have been fired from tech companies across the world.

Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
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