In other news, Citadel cut 10% of its staff as its new co-CEOs make their mark. Elon Musk's brain-computer startup is hiring for multiple manufacturing roles. Major automakers are making deep cuts to their workforce due to struggles in turning a profit on EVs and facing potential competition.
Key takeaways:
- Ken Griffin, the billionaire founder of the $65 billion hedge fund Citadel, offered advice to President-elect Donald Trump on policies around immigration and inflation, and suggested Apollo CEO Marc Rowan for the position of Treasury secretary.
- Griffin also expressed openness to selling a minority stake in his hedge fund to the right partner, following the successful sale of a stake in Citadel Securities to VC firms Sequoia and Paradigm in 2022.
- Two Sigma's new co-CEOs, Carter Lyons and Scott Hoffman, have cut 10% of the firm's workforce as part of a strategic review, following the stepping down of the firm's billionaire cofounders in September.
- Elon Musk's brain-computer startup Neuralink is hiring for multiple manufacturing roles, indicating a move towards ramping up production of its brain chip.