Tag: The Wall Street Journal

BusinessManufacturingTechnology

Rivian Announces Second Round of Workforce Reductions Affecting 600 Employees

Electric vehicle maker Rivian is implementing another round of layoffs affecting approximately 600 employees. The workforce reduction comes as the company faces changing government EV incentives and prepares for its more affordable R2 model launch in 2026.

Rivian Implements Workforce Reduction

Electric vehicle manufacturer Rivian is reportedly laying off approximately 600 employees, representing about 4% of its total workforce, according to the Wall Street Journal. Sources indicate this marks the second round of job cuts at the automaker within recent months, though company officials have not provided detailed comments on the latest reductions.

by Elijah Porter
BusinessInnovationTechnology

T-Mobile’s SpaceX Partnership Creates Satellite Communications Edge, CEO Claims

T-Mobile’s partnership with SpaceX’s satellite business reportedly gives the telecommunications giant a significant competitive advantage in satellite communications. According to the company’s incoming CEO, the collaboration could position T-Mobile two to three years ahead of competitors. The service enables text messaging and limited app access in areas without traditional cellphone coverage.

T-Mobile’s Satellite Communications Advantage

T-Mobile US expects to gain a substantial competitive edge through its strategic partnership with SpaceX’s satellite business, according to recent reports from Dow Jones Newswires. During an appearance on CNBC, incoming CEO Srini Gopalan indicated that the collaboration should position T-Mobile significantly ahead of its competitors in the emerging satellite-to-phone communication space.

by Aaron Vale
GovernmentInnovationTechnology

US Government Explores Equity Investments in Quantum Computing Sector

The US government is reportedly considering taking equity positions in leading quantum computing companies through federal funding agreements. Multiple quantum firms are said to be in discussions for minimum $10 million investments in exchange for government ownership stakes.

Government Equity Program Expands to Quantum Sector

The US Commerce Department has reportedly initiated discussions with several quantum computing companies about potential equity investments, according to sources familiar with the matter. The program would see the government taking ownership stakes in exchange for federal funding, marking a significant expansion of Washington’s direct investment in strategic technology sectors.

by Elijah Porter