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Tesla cutting 9% of workforce and Home Depot deal, CEO Elon Musk says

Tesla is cutting several thousand jobs, aiming to improve its finances amid a period of torrential losses as it accelerates production of its newest electric vehicle. Tesla CEO Elon Musk confirmed Tuesday that the company is shedding about 9% of its workforce — “almost entirely” salaried employees.
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Canaan Partners gives $20 million to its two youngest employees to invest in consumer startups

Canaan Partners, the venture capital firm that has backed companies like Skybox Imaging, Match.com and Lending Club, has a new investment strategy. Called Canaan Beta, it entails setting aside $20 million of its $800 million fund to its two youngest employees, and then empowering them to make their…

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