Under the new law, sex workers can voluntarily sign formal employment contracts with their employers, providing them with access to the country’s social security system.
Of the total reductions, over half—1,128 positions—will come from the Space Systems business, which has been hit particularly hard by rising competition from smaller, low-cost satellites in low Earth orbit, such as Elon Musk’s Starlink constellation.
Wells Fargo assured that affected employees would be eligible for severance benefits based on their tenure. Additionally, displaced workers can continue participating in the company's health plans at active rates for a specified period.
Factors like changing IR reforms will drive more HR leaders to consider international hiring, as they look to diversify and strengthen their workforce.
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Elon Musk’s X is closing its San Francisco office and moving to Texas, ending its presence in the historic Mid-Market neighborhood once home to tech giants like Twitter, Uber, and Spotify.