By Tom Ozimek Tesla is pressing ahead with its workforce-reduction plans, with a notice the carmaker filed with the Texas Workforce Commission showing it is slashing 2,688 jobs in Austin, the location of its headquarters and site of a major factory. The notice, which was issued under the Worker Adjustment and Retraining Notification (WARN) Act […]
Tag: Economic Depression
An economic depression is a period of sustained, long-term downturn in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle.