Rivian is laying off 10 percent of its salaried employees

Electric car maker Rivian announced on Wednesday that it’s laying off 10 percent of its salaried workforce to cut costs after facing a quarterly loss. The Amazon-backed company reported that it lost $1.5 billion in the fourth quarter of 2023 and said that it expects to build 57,000 electric vehicles in 2024, the same number it built last year.

“Our business is facing a challenging macroeconomic environment — including historically high interest rates and geopolitical uncertainty — and we need to make purposeful changes now to ensure our promising future,” Rivian’s founder and CEO wrote to employees in an email, CNN reported. “We must strategically prioritize our growth areas of the business, including the launch of Peregrine and R2 as well as investing in our go-to-market capabilities.”

As part of its plans to cut costs, Rivian will shut down a factory in Illinois in the middle of this year and will upgrade its manufacturing line to boost production rates by 30 precent.The company is expected to unveil the R2, a compact SUV in the $40,000 to $60,000 range, on March 7, although deliveries of the vehicle won’t start until 2026.

This article originally appeared on Engadget at https://www.engadget.com/rivian-is-laying-off-10-percent-of-its-salaried-employees-010440428.html?src=rss 

Barbra Streisand’s Son: Get to Know Jason Gould

The legendary singer is set to get a SAG Lifetime Achievement Award at the 2024 SAG Awards, which premieres this week. Find out more about her son and her role as a mother here.

The legendary singer is set to get a SAG Lifetime Achievement Award at the 2024 SAG Awards, which premieres this week. Find out more about her son and her role as a mother here. 

Where Is Wendy Williams Now? Everything to Know About Her Life Today Amid Her Struggles

The former talk show host is set to appear in a tell-all documentary about her life on February 24. Ahead of the two-part film, here is everything to know about Wendy’s life today.

The former talk show host is set to appear in a tell-all documentary about her life on February 24. Ahead of the two-part film, here is everything to know about Wendy’s life today. 

Don’t use smartwatches and rings that claim to measure blood sugar without needles, the FDA warns

The Food and Drug Administration on Wednesday issued a safety communication warning people to stay way from smartwatches and smart rings that claim to measure blood sugar levels without pricking the skin. “The FDA has not authorized, cleared, or approved any smartwatch or smart ring that is intended to measure or estimate blood glucose values on its own,” the agency wrote in the communication, and asked consumers, patients, and caregivers to stay away from such devices.

Non invasive blood sugar monitoring isn’t currently possible on any consumer device Popular wearables like the Apple Watch and the Oura ring can, instead, pair with FDA-authorized wearable devices like the Dexcom G7, which uses needles to read your blood sugar levels. Getting a smartwatch or a smart ring to monitor blood sugar levels without penetrating the skin would represent a huge medical advance, allowing people with diabetes, for instance, to stop pricking themselves each day, and alerting pre-diabetics.

Both Apple and Samsung have reportedly been working on the tech for years. Last year, Bloomberg reported that Apple’s no-prick monitoring was at a “proof-of-concept stage” and could come to the market once the company managed to figure out how to shrink its size. Apple has been working on the project since 2010, although it will likely still be years before the technology is small enough to be built into the Apple Watch. Samsung, too, is exploring ways to build the technology into the Galaxy Ring, a product that the company recently announced.

Until that time, be skeptical of any device that claims to do this right now. Current smartwatches and smart rings “do not directly test blood glucose levels,” the FDA writes. If you spot any company selling a device with these claims, you can report it to the FDA through the agency’s MedWatch Voluntary Reporting Form.

This article originally appeared on Engadget at https://www.engadget.com/dont-use-smartwatches-and-rings-that-claim-to-measure-blood-sugar-without-needles-the-fda-warns-001745875.html?src=rss 

Ruby Franke: Everything to Know About the Child Abuse Allegations Against the YouTube Star

The former ‘8 Passengers’ YouTuber has pleaded guilty to charges and has been sentenced to four to 60 years in prison. Find out more about her trial here.

The former ‘8 Passengers’ YouTuber has pleaded guilty to charges and has been sentenced to four to 60 years in prison. Find out more about her trial here. 

Larsa Pippen Reveals One Regret She Had in Midst of Romance With Marcus Jordan: Listen

One week after the duo sparked breakup rumors, ‘The Real Housewives of Miami’ star appeared on a podcast to discuss her biggest regret amid the high-profile romance.

One week after the duo sparked breakup rumors, ‘The Real Housewives of Miami’ star appeared on a podcast to discuss her biggest regret amid the high-profile romance. 

Scott Hamilton’s Health: What to Know About the Olympic Gold Medalist’s Brain Tumor Battle

The professional figure skater has bravely faced a number of health issues in his lifetime, including testicular cancer and a brain tumor. Find out more about his health background and how he’s doing today here.

The professional figure skater has bravely faced a number of health issues in his lifetime, including testicular cancer and a brain tumor. Find out more about his health background and how he’s doing today here. 

RHOM’s Kiki Barth Says She’s ‘Lost’ in Larsa Pippen’s Relationship Drama: ‘Was It Real?’ (Exclusive)

Kiki Barth said she reached out to Larsa Pippen about her breakup with Marcus Jordan — only to find out that the couple seemingly got back together.

Kiki Barth said she reached out to Larsa Pippen about her breakup with Marcus Jordan — only to find out that the couple seemingly got back together. 

‘The Real Housewives of Beverly Hills’ Season 14: Everything We Know So Far

Season 13 of ‘RHOBH’ is coming to an end, which means season 14 will likely begin filming soon. Here’s the latest news about the next season of the show.

Season 13 of ‘RHOBH’ is coming to an end, which means season 14 will likely begin filming soon. Here’s the latest news about the next season of the show. 

FTC concludes Twitter didn’t violate data security rules, in spite of Musk’s orders

The Federal Trade Commission (FTC) concluded Elon Musk ordered Twitter (now X) employees to take actions that would have violated an FTC consent decree regarding consumers’ data privacy and security. The investigation arose from the late 2022 episode informally known as “The Twitter Files,” where Musk ordered staff to let outside writers access internal documents from the company’s systems. However, the FTC says Twitter security veterans “took appropriate measures to protect consumers’ private information,” likely sparing Musk’s company from government repercussions by ignoring his directive.

FTC Chair Lina Khan discussed the conclusions in a public letter sent Tuesday to House Judiciary Committee Chair Jim Jordan (via The Washington Post). Jordan and his Republican colleagues have tried to turn the FTC’s investigation into a political wedge issue, framing the inquiry as a free speech violation — perhaps to shore up GOP support from Musk’s legion of rabid supporters. Jordan and his peers previously described the investigation as “attempts to harass, intimidate, and target an American business.”

Khan’s response to Jordan adopts a tone resembling that of a patient teacher explaining the nuance of a complicated situation to a child who insists on seeing simplistic absolutes. “FTC staff efforts to ensure Twitter was in compliance with the Order were appropriate and necessary, especially given Twitter’s history of privacy and security lapses and the fact that it had previously violated the 2011 FTC Order,” Khan wrote.

“When a firm has a history of repeat offenses, the FTC takes particular care to ensure compliance with its orders,” the FTC Chair wrote.

House Judiciary Chair Jim Jordan (R-OH)

Tom Williams via Getty Images

The FTC’s investigation stemmed from allegations that Musk, newly minted as Twitter’s owner, ordered staff to give outside writers “full access to everything” in late 2022. Had staff obeyed Musk’s directive, the company likely would have violated a settlement with the FTC (originally from 2011 but updated in 2022) requiring the company to tightly restrict access to consumer data.

In November 2022, the FTC said publicly it was monitoring Twitter’s developments following Musk’s acquisition with “deep concern.” That followed the resignation of chief information security officer Lea Kissner and other members of the company’s data governance committee. They expressed concerns that Musk’s launch of a new account verification system didn’t give them adequate time to deploy security reviews required by the FTC.

Ultimately, Twitter security veterans ignored Musk’s “full access to everything” order. “Longtime information security employees at Twitter intervened and implemented safeguards to mitigate the risks,” Khan wrote in the letter. “The FTC’s investigation confirmed that staff was right to be concerned, given that Twitter’s new CEO had directed employees to take actions that would have violated the FTC’s Order.”

FTC Chair Lina Khan

Slaven Vlasic via Getty Images

Rather than supplying outside writers with the “full access” Musk wanted them to have, Twitter employees accessed the systems and relayed select information to the group of outsiders. “Ultimately the third-party individuals did not receive direct access to Twitter’s systems, but instead worked with other company employees who accessed the systems on the individuals’ behalf,” Khan wrote.

The FTC says it will continue to monitor X’s adherence to the order. “When we heard credible public reports of potential violations of protections for Twitter users’ data, we moved swiftly to investigate,” FTC spokesman Douglas Farrar said in a statement to The Washington Post. “The order remains in place and the FTC continues to deploy the order’s tools to protect Twitter users’ data and ensure the company remains in compliance.”

This article originally appeared on Engadget at https://www.engadget.com/ftc-concludes-twitter-didnt-violate-data-security-rules-in-spite-of-musks-orders-191917132.html?src=rss 

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