Posts Tagged: globally

EV maker Polestar cuts 15 percent of its workforce globally

Swedish electric car company Polestar is slashing its workforce by 15 percent globally. About 450 employees are expected to be let go due to “challenging market conditions.” The news comes despite its six percent increase in global car deliveries compared to 2022, according to its recent fourth quarter global fiscal report.

The company did, however, warn that it would reduce its headcount back in May 2023 which was around the same time it announced its production goals were disappointingly off by 10,000 to 20,000 cars from its initial goal. Polestar defended its decisions and explained it was “intensifying its focus” on cutting costs to make the business more efficient.

Despite delays in shipments last year, the 2024 Polestar 2 lineup is coming in strong with a suite of new upgrades, including longer mileage and faster charging. However, the company is faced with the issue that buyers might be turned off by its nearly $ 50,000 price tag when they can get newer models produced by rivals like Tesla for more than $ 10,000 less.

Job cuts across the EV sector have become commonplace, with rivals like Lucid Motors’ announcement to cut 18 percent of its workforce last year and Rivian slashing six percent. These trends might be due to the fact that supply chain issues are a huge problem in the EV industry, coupled with buyer hesitancy to invest in electric cars.

This article originally appeared on Engadget at https://www.engadget.com/ev-maker-polestar-cuts-15-percent-of-its-workforce-globally-154941678.html?src=rss
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics

OnePlus 12 and 12R to launch globally on January 23

Celebrating its tenth year of making smartphones, OnePlus has today confirmed the global launch date of its latest…
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The Xiaomi 13 flagship series launch globally on February 26 at MWC 2023

Q1 is a time for flagship smartphones to be announced and today brings news that the Xiaomi 13 series, already unveiled in China, will have its global launch at MWC 2023 on February 26. Consisting of the 13 and 13 Pro, the new range of flagship phones will offer a viable alternative to Samsung’s Galaxy […]

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The OnePlus 11 5G and Buds Pro 2 will be unveiled globally on February 7

It’s almost the turn of the year which means that a new smartphone cycle is nearly upon us. One of the first flagship smartphones to launch in 2023 will be the OnePlus 11 5G which will be announced globally on February 7th during an event held in New Delhi, India. Following on the OnePlus 11 […]

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The OnePlus 10 Pro finally launches globally with prices starting from $899/£799

The OnePlus 10 Pro has finally been unveiled for western markets during a video presentation earlier today, with the less said about that the better. The good news is that the OnePlus 10 Pro promises to be the most powerful OnePlus handset yet with its Snapdragon 8 Gen 1 processor and LPDDR5 memory, with new […]

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Facebook blocks Russian advertisers from running ads globally

Advertisers within Russia can no longer create or run ads on Facebook "anywhere in the world," including their home country, the social network told Business Insider. The website has also suspended all ads targeting people in Russia, "due to the difficulties of operating in [the country] at this time." 

This is just the latest step Facebook has taken following Russia's invasion of Ukraine. Shortly after the attacks started, it blocked Russian state media from running ads on its platform before restricting access to RT and Sputnik in Ukraine and across the European Union. A few days after that, Facebook started demoting the outlets' pages and any post linking to them on its main website and on Instagram. 

As a response to the social network restricting access to state-run media, Russian telecom regulator Roskomnadzor blocked Facebook in the country, though Instagram and WhatsApp remain available. The agency throttled access to the website before that when Facebook officials refused to stop fact-checking state media outlets upon its request. In a statement issued after Roskomnadzor blocked Facebook completely, Meta's president of global affairs Nick Clegg said the company "will continue to do everything [it] can to restore [its] services so they remain available to people to safely and securely express themselves and organize for action."

According to a report by independent Russian news agency Interfax, Russia also recently blocked Twitter in the country. Roskomnadzor previously limited the country's access to Twitter, as well, after the social network paused ads and recommendations and started labeling tweets from Russian state media outlets. The social network said, however, that it's only seeing the effects of throttling within the region and not of an outright ban. 

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics

The Xiaomi 12 series may launch globally during MWC 2022

The Xiaomi 12 series launched in China on December 28th sporting 120Hz displays across the board and power units in the form of Qualcomm’s new Snapdragon 8 Gen 1 and the reheated Snapdragon 870 chipsets. While Xiaomi is yet to officially announce when we’ll see the global launch of the new phones, it’s being reported […]

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MIUI 12 set to debut globally on May 12th, beta testing should happen soon

Xiaomi announced MIUI 12 last month, including all of the new features and changes that are expected in the latest version of their software. Now it seems as if we’ve got a solid launch date for the global release of Xiaomi’s Android builds. MIUI 12 global launch This launch follows Xiaomi’s announcement last month where […]

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EU courts told ‘right to be forgotten’ law should not apply globally

Europe's "right to be forgotten" law has consistently proven challenging since it was passed in 2014. For starters, requests may only be granted if information is considered "inadequate" or "irrelevant", but there's no clear ruleset for those terms,…
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Huawei’s P20 Series has sold 6 million units globally

We reviewed the Huawei P20 and P20 Pro a little while back and were impressed by the camera chops of the larger P20 Pro as well as its outstanding battery life. Having launched towards the tail-end of March at a lavish event in Paris, the question is what sort of sales figures Huawei’s P20 series has managed […]

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