Workers at Tesla's Gigafactory 2 in Buffalo, New York said the automaker fired dozens of employees after they announced plans to form a union, according to a Bloomberg News report. A complaint filed with the US National Labor Relations Board (NLRB) claims one of those fired workers was a member of Workers United's 25-member organizing committee.
The workers went public with their plans on Tuesday, writing in a press release that "unionizing will give us a voice in our workplace that we feel has been ignored to this point."
The organization is currently asking Tesla to sign a Fair Election Principles agreement, which would stipulate that Tesla won't interfere with their right to organize. These firings, if related to the organizing effort, could indicate that Tesla is already engaging in union busting.
The complaint alleges that the layoffs were a form of "collective retaliation.”
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Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
