The US’s Q4 GDP for last year was revised down to just 0.7%. In January, PCE rose 0.3% MoM, while on a YoY basis it edged down from 2.9% to 2.8%; core PCE inflation increased 0.4% MoM and 3.1% YoY. January job openings increased from 6.55 million in December to 6.95 million, while layoffs declined.

Tesla Launches a New Round of Layoffs, Involving Employees from Multiple Departments" According to media reports, Tesla has initiated a new round of layoffs, and employees from several departments including software, service, and engineering have received layoff notices over the past weekend.

① According to the latest news, Musk has sent an email to employees stating that Tesla globally will cut 10% of its workforce. ② Last week, documents leaked from Tesla's US Austin factory revealed that shift hours at the factory would be reduced starting this week. ③ The continuous stream of unfavorable news highlights the difficult situation currently facing the industry giant.

【Tesla is preparing for a round of layoffs】Tesla announced that it will shorten the production shifts for the Cybertruck, and there are rumors that the company is preparing for a round of layoffs, with a potential reduction of up to 20%.

According to people familiar with the matter, Wall Street giant Goldman Sachs is preparing to start a new round of layoffs, which will affect a series of employees including managing directors and other executives.

[Swedish battery manufacturer Northvolt may further cut jobs] The union of the Swedish battery manufacturer Northvolt said that the company may increase the number of layoffs on the basis of the currently planned 1,600 layoffs as it strives to cope with financing difficulties.