Reports: Tesla Board Forms Panel To Review Elon Musk's Pay | Microsoft To Lay Off 6,000 Workers
Tesla's board is reportedly exploring a new compensation package for CEO Elon Musk, including fresh stock options. This reportedly comes as Musk appeals a court ruling that voided his earlier $56 billion payday. In another development, Microsoft lays off around 6,000 employees worldwide as part of a cost-cutting drive. The tech giant said it is streamlining operations, cutting management layers, and focusing on AI-driven efficiency. The layoffs will impact about 3% of its global workforce. Despite posting strong earnings recently, Microsoft has said that the move is aimed at staying competitive in a dynamic market. Watch The World Report for the latest updates.
