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.

House of Representatives (DPR) Commission XII member Jalal Abdul Nasir has called on the government to clarify the extreme disparities in the 2026 coal RKAB (Work Plan and Budget) approvals. While acknowledging the government's effort to prevent oversupply and stabilize prices, Jalal highlighted that some miners face cuts as deep as 40–70%, while others remain unaffected. He warned that such extreme reductions could lead to operational shutdowns and mass layoffs if the underlying regulatory basis is not transparently communicated to industry players. This follows reports that the government aims to cap 2026 production at approximately 600 million tons.

Tesla Offers Voluntary Resignation Packages to Korean Employees, Dissolves Korean Supercharging Team According to JoongAng Ilbo, Tesla Korea has offered voluntary resignation packages to its salaried employees in Korea to comply with the global layoffs announced last month. Tesla recently sent an email to all its Korean employees, proposing two special resignation packages, which provide up to two months of salary in addition to basic severance pay. Currently, Tesla has dissolved its supercharging team in Korea. According to data from the Financial Services Commission of Korea, Tesla currently has about 480 employees in Korea.

[Battery Giant Announces Suspension of Expansion] Recently, Northvolt announced a 20% global layoff and decided to suspend its expansion plans to alleviate the company's increasingly severe financial difficulties. This is just part of the company's expenditure reduction plan. A series of measures announced by the company not long ago also include: suspending the production of battery cathode materials at its Skellefteå gigafactory in Sweden; canceling plans to build a materials factory in Gothenburg, Sweden; and negotiating with potential partners and investors for energy storage business in Poland.

【Lithium prices continue to plummet, lithium mining giant Albemarle plans layoffs and suspends expansion】