More layoffs likely in big tech companies: Musk

 Tesla CEO Elon Musk has said that big tech companies can lay off more employees without affecting their productivity. Most of the big tech companies are based in the Silicon Valley of America.

 Musk has laid off more than 80 percent of employees from Twitter, the microblogging platform he bought last year. Virtually addressing the Wall Street Journal summit held in London, Musk said that there were many people on Twitter who were of no special importance.

 I think that's true of many companies in Silicon Valley. Citing a report, Musk said, "I think there is a possibility of significant reduction in the number of employees in those companies without affecting the productivity." Musk said that Twitter now has about 1,500 employees.

That's a reasonable number. Twitter had about 7,500 employees before Musk bought it.

Tesla's Model Y becomes best-selling electric car

IANS: Tesla's Model Y has become the best-selling electric car in the world during the first quarter of 2023. According to The Verge report, Tesla has sold 2,67,200 units of Model Y during January-March 2023. It was followed by Corolla with 2,56,400 units and Toyota's RAV4 electric car with 2,14,700. Tesla CEO Elon Musk predicted in 2021 that the Model Y would one day be on top of the world.