Tesla lays off nine percent of its workforce
In a company email he shared on Twitter, CEO Elon Musk stated that Tesla’s aggressive growth resulted in duplicated roles, so these layoffs will help the company reduce costs and become profitable. Musk wrote: “These cuts were almost entirely made from our salaried population and no production associates were included, so this will not affect our ability to reach Model 3 production targets in the coming months.”
Microsoft’s next Xbox will reportedly launch in 2020
Microsoft hinted at its next Xbox console during this week’s E3 presentation, and now Thurrott.com reports on a rumor that the system, codenamed Scarlett, is scheduled for release in 2020. There are no technical details, but it’s described as a “family of devices.”
Judge rules AT&T can purchase Time Warner for $85 billion
US District Judge Richard Leon has issued his ruling on a lawsuit brought by the Department of Justice and declared that AT&T can buy Time Warner. Judge Leon reportedly put no conditions on the deal, and the result of this case stands to have far-reaching effects on the media landscape and other groups considering or seeking vertical mergers. Comcast is expected to extend a formal bid for Fox, while deals like the T-Mobile/Sprint team up are already pending.