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David Baszucki, founder and CEO of Roblox, presents at the Roblox Developer Conference on August 10, 2019 in Burlingame, California.

Ian Tuttle | Getty Images

Roblox employees who don’t want to work at the gaming company’s physical office at least three days a week will need find a job elsewhere.

David Baszucki, Roblox’s founder and CEO, told employees in a memo on Tuesday that remote workers have until mid-January to decide whether they want to starting coming into the office from Tuesday through Thursday, adding that relocation expenses will be provided if needed.

“We did not make this decision lightly, as we understand that the decision to move is significant, both for our employees and for their families and loved ones,” Baszucki wrote in the memo, which he posted as a blog titled, “The Future of How We Work Together at Roblox.”

Baszucki said the company will be contacting a number of remote employees — though he didn’t specify how many — and asking them to report to work in the company’s headquarters in San Mateo, California, by next summer.

Roblox, which went public in 2021 after seeing its business boom from kids stuck at home during the Covid pandemic, joins a growing list of companies, including Google, JPMorgan Chase and law firm Davis Polk & Wardwell that have instituted strict return-to-office mandates.

Tuesday’s announcement marks an about-face for Roblox, which told employees in May of last year that it was giving “employees the option to either come to the office regularly a few days a week, or to primarily work remotely,” coming in for “quarterly get-togethers.”

“We’ve put together a new work model powered by personal responsibility that gives teams and leaders the flexibility to decide how they work best given their goals,” Barbara Messing, the company’s chief marketing officer, wrote at the time.

Baszucki said in the latest post that he “personally hoped” for Roblox to “imagine a heavily hybrid remote culture,” extending past the pandemic. Ultimately, however, he said working in an office strengthens the company culture and results in more innovative and productive employees.

“A three-hour Group Review in person is much less exhausting than over video and brainstorming sessions are more fluid and creative,” Baszucki wrote. “While I’m confident we will get to a point where virtual workspaces are as engaging, collaborative, and productive as physical spaces, we aren’t there yet.”

Roblox CEO Dave Baszucki on Q2 results: We're showing continuing, accelerating growth

As of Dec. 31, Roblox had over 2,100 full-time employees.

Those opting not to come back to the office can take a severance package “based on their individual level and term of service, along with six months of healthcare coverage for everyone on their policies,” Baszucki wrote. They will also have an extra three months, lasting until mid-April, to “transition out of their roles as full time employees,” he added.

“This means all employees, regardless of whether or not they chose to relocate, will receive both the November and February quarterly vestings, in addition to any other vestings they have during that time,” he said.

Roblox will still employ some remote employees with roles that require them to be offsite, such as data center operators, content moderators and call center workers.

Additionally, Roblox will let some “individuals who have niche skill sets or significant institutional knowledge” also continue to work remotely, Baszuki said. The company will not extend new offers to remote employees, except for those who work in off-site positions or have particular skills.

“This is an extremely difficult decision because where we live is a personal choice and it affects all aspects of our lives,” Baszucki wrote. “We have done everything we can to make this process as systematic and fair as possible. Unfortunately, I know that some employees will decide not to join us at headquarters.”

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Tesla shares drop on Musk, Trump feud ahead of Q2 deliveries

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Tesla shares drop on Musk, Trump feud ahead of Q2 deliveries

Elon Musk, chief executive officer of Tesla Inc., during a meeting between US President Donald Trump and Cyril Ramaphosa, South Africa’s president, not pictured, in the Oval Office of the White House in Washington, DC, US, on Wednesday, May 21, 2025.

Jim Lo Scalzo | Bloomberg | Getty Images

Tesla shares have dropped 7% from Friday’s closing price of $323.63 to the $300.71 close on Tuesday ahead of the company’s second-quarter deliveries report.

Wall Street analysts are expecting Tesla to report deliveries of around 387,000 — a 13% decline compared to deliveries of nearly 444,000 a year ago, according to a consensus compiled by FactSet. Prediction market Kalshi told CNBC on Tuesday that its traders forecast deliveries of around 364,000.

Shares in the electric vehicle maker had been rising after Tesla started a limited robotaxi service in Austin, Texas, in late June and CEO Elon Musk boasted of its first “driverless delivery” of a car to a customer there.

The stock price took a turn after Musk on Saturday reignited a feud with President Donald Trump over the One Big Beautiful Bill Act, the massive spending bill that the commander-in-chief endorsed. The bill is now heading for a final vote in the House.

That legislation would benefit higher-income households in the U.S. while slashing spending on programs such as Medicaid and food assistance.

Musk did not object to cuts to those specific programs. However, Musk on X said the bill would worsen the U.S. deficit and raise the debt ceiling. The bill includes tax cuts that would add around $3 trillion to the national debt over the next decade, according to an analysis by the Congressional Budget Office.

The Tesla CEO has also criticized aspects of the bill that would cut hundreds of billions of dollars in support for renewable energy development in the U.S. and phase out tax credits for electric vehicles.

Such changes could hurt Tesla as they are expected to lower EV sales by roughly 100,000 vehicles per year by 2035, according to think tank Energy Innovation.

The bill is also expected to reduce renewable energy development by more than 350 cumulative gigawatts in that same time period, according to Energy Innovation. That could pressure Tesla’s Energy division, which sells solar and battery energy storage systems to utilities and other clean energy project developers.

Trump told reporters at the White House on Tuesday that Musk was, “upset that he’s losing his EV mandate,” but that the tech CEO could “lose a lot more than that.” Trump was alluding to the subsidies, incentives and contracts that Musk’s many businesses have relied on.

SpaceX has received over $22 billion from work with the federal government since 2008, according to FedScout, which does federal spending and government contract research. That includes contracts from NASA, the U.S. Air Force and Space Force, among others.

Tesla has reported $11.8 billion in sales of “automotive regulatory credits,” or environmental credits, since 2015, according to an evaluation of the EV maker’s financial filings by Geoff Orazem, CEO of FedScout.

These incentives are largely derived from federal and state regulations in the U.S. that require automakers to sell some number of low-emission vehicles or buy credits from companies like Tesla, which often have an excess.

Regulatory credit sales go straight to Tesla’s bottom line. Credit revenue amounted to approximately 60% of Tesla’s net income in the second quarter of 2024.

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Jeff Bezos sells $737 million worth of Amazon shares

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Jeff Bezos sells 7 million worth of Amazon shares

Amazon founder Jeff Bezos leaves Aman Venice hotel, on the second day of the wedding festivities of Bezos and journalist Lauren Sanchez, in Venice, Italy, June 27, 2025.

Yara Nardi | Reuters

Amazon founder Jeff Bezos unloaded more than 3.3 million shares of his company in a sale valued at roughly $736.7 million, according to a financial filing on Tuesday.

The stock sale is part of a previously arranged trading plan adopted by Bezos in March. Under that arrangement, Bezos plans to sell up to 25 million shares of Amazon over a period ending May 29, 2026.

Bezos, who stepped down as Amazon’s CEO in 2021 but remains chairman, has been selling stock in the company at a regular clip in recent years, though he’s still the largest individual shareholder. He adopted a similar trading plan in February 2024 to sell up to 50 million shares of Amazon stock through late January of this year.

Bezos previously said he’d sell about $1 billion in Amazon stock each year to fund his space exploration company, Blue Origin. He’s also donated shares to Day 1 Academies, his nonprofit that’s building a chain of Montessori-inspired preschools across several states.

The most recent stock sale comes after Bezos and Lauren Sanchez tied the knot last week in a lavish wedding in Venice. The star-studded celebration, which took place over three days and sparked protests from some local residents, was estimated to cost around $50 million.

Bezos is ranked third in Bloomberg’s Billionaires Index with a net worth of about $240 billion. He’s behind Tesla CEO Elon Musk at $363 billion and Meta CEO Mark Zuckerberg at $260 billion.

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Google promotes ‘AI Mode’ on home page ‘Doodle’

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Google promotes ‘AI Mode’ on home page 'Doodle'

Google CEO Sundar Pichai addresses the crowd during Google’s annual I/O developers conference in Mountain View, California on May 20, 2025.

Camille Cohen | AFP | Getty Images

The Google Doodle is Alphabet’s most valuable piece of real estate, and on Tuesday, the company used that space to promote “AI Mode,” its latest AI search product.

Google’s Chrome browser landing pages and Google’s home page featured an animated image that, when clicked, leads users to AI Mode, the company’s latest search product. The doodle image also includes a share button.

The promotion of AI Mode on the Google Doodle comes as the tech company makes efforts to expose more users to its latest AI features amid pressure from artificial intelligence startups. That includes OpenAI which makes ChatGPT, Anthropic which makes Claude and Perplexity AI, which bills itself as an “AI-powered answer engine.”

Google’s “Doodle” Tuesday directed users to its search chatbot-like experience “AI Mode”

AI Mode is Google’s chatbot-like experience for complex user questions. The company began displaying AI Mode alongside its search results page in March.

“Search whatever’s on your mind and get AI-powered responses,” the product description reads when clicked from the home page.

AI Mode is powered by Google’s flagship AI model Gemini, and the tool has rolled out to more U.S. users since its launch. Users can ask AI Mode questions using text, voice or images. Google says AI Mode makes it easier to find answers to complex questions that might have previously required multiple searches.

In May, Google tested the AI Mode feature directly beneath the Google search bar, replacing the “I’m Feeling Lucky” widget — a place where Google rarely makes changes.

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