Microsoft announced the largest layoffs in company history, Tesla can't sell cars in most of the United States, Xbox Entertainment Studios is set to close and HTC has an executive exodus problem. Read on for Engadget's news highlights from the last 24 hours.

Microsoft cuts 18,000 jobs as part of its largest layoff ever

Microsoft announced the biggest round of layoffs in company history, giving 18,000 workers their walking papers. CEO Satya Nadella explained that the company's new strategy is designed to make it "more agile" moving forward.

Why Tesla Motors can't sell cars in most of the United States

Why is it so hard to buy a Tesla? It's a combination of archaic laws and a stubborn automotive industry.

Microsoft closing Xbox Entertainment Studios

As part of the biggest layoffs in company history, Microsoft is closing Xbox Entertainment Studios, the wing dedicated to producing original video content for the Xbox platform.

In and out: a look at HTC's two-year executive exodus

Despite making some highly acclaimed smartphones, HTC has struggled to keep high-level employees from leaving the company. Over the last two years, 22 members of its senior management team have left. Is it bad luck or is something else happening?