San Jose, California-based NIO USA, the U.S. headquarters of the Chinese electric automaker NIO, has announced another reduction in force in its San Jose operation. Commencing in February, 2020 NIO will eliminate another 141 positions in San Jose campus, including management, software engineers, mechanical design engineers, and technical support personnel. This is the companies third round of professional employee reductions as NIO continues to bleed cash.
Many believe that the decision to layoff professional staff was driven by a recent deal with Intel
According to a company spokesperson, “NIO has folded the vehicle engineering and electric powertrain divisions that it operated in the San Jose office, but the bulk of the layoffs were made to the startup’s autonomous driving team. Those cuts are related to a recently announced partnership with Intel’s autonomous driving arm Mobileye, which resulted in redundancy and duplications of effort associated with our path toward a Level 4 autonomous driving electric vehicle
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?