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Daily Crunch: Tesla cuts its workforce

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Daily Crunch: Tesla cuts its workforce

1. Tesla to cut workforce by 7 percent and focus on Model 3 production
In an email to employees, CEO Elon Musk says the focus must be on delivering at least the mid-range Model 3 variant in all markets. He also warns the employees who are not set to be axed that there are many companies that can offer a better work-life balance, because they are larger and more mature or in industries that are not so voraciously competitive.
We unfortunately have no choice but to reduce full-time employee headcount by approximately 7% (we grew by 30% last year, which is more than we can support) and retain only the most critical temps and contractors, he writes.
2. Nikes auto-laced future
Matthew Panzarino makes the case for the new Adapt BB, a Nike shoe with powered laces that tighten to a wearers foot automatically.
3. Microsoft is calling an audible on smart speakers
Microsofts smart assistant has its strong suits, but thus far statement of purpose hasnt been among them. CEO Satya Nadella appears to acknowledge as much this week during a media event at the companys Redmond campus.
Daily Crunch: Tesla cuts its workforce
LAS VEGAS, NV JANUARY 06: Netflix CEO Reed Hastings delivers a keynote address at CES 2016 at The Venetian Las Vegas on January 6, 2016 in Las Vegas, Nevada. CES, the worlds largest annual consumer technology trade show, runs through January 9 and is expected to feature 3,600 exhibitors showing off their latest products and services to more than 150,000 attendees. (Photo by Ethan Miller/Getty Images)
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