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Tesla to lay off more than 10% of staff globally as sales fall

Tesla is reducing its workforce by 10% to enhance productivity and reduce costs.
Demand for Tesla's electric vehicles has been weak, leading to price cuts.
The company reported a drop in vehicle deliveries for the first time in almost four years.

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Observer

Elon Musk Cut 10 Percent of Jobs at Tesla. Read His Memo to Employees

Elon Musk announced job cuts at Tesla today (Apr. 15), affecting over 10 percent of the electric vehicle maker’s staff (around 14,000 employees). The company reported over 140,000 employees in 2023. In a company memo, Musk noted over-hiring as one reason for the layoff. “Over the years, we have grown rapidly with multiple factories scaling around the globe. With this rapid growth there has been duplication of roles and job functions in certain a…

11 months ago·New York, United States

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The Independent

Elon Musk to cut 14,000 jobs from Tesla

The billionaire said decision had been made to ensure company was ‘lean, innovative and hungry for the next growth phase cycle’

11 months ago·London, United Kingdom

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Oil Price

Tesla to Lay Off Over 10% of Global Workforce

Shares of Tesla Motors are muted in the early premarket trading hours in New York after a report from the EV blog Electrek cited an "internal company-wide email" detailing layoffs at the EV company amounting to more than 10% of its global workforce. Electrek alleges that Elon Musk sent an email to staff explaining a "duplication of roles and job functions in certain areas" as the main reason for the layoffs, which could affect as many as 14,000…

11 months ago·London, United Kingdom

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WION

Tesla to lay off around 14,000 employees globally as sales decline

Tesla is laying off more than 10 per cent of its staff worldwide, reported news agency Reuters, on Monday (Apr 15) citing an internal memo. According to the report, the layoffs also come as the company grapples with a decline in sales. ‘Difficult decision’ The CEO of Tesla, Elon Musk announced “the difficult decision” in a memo, which could affect at least 14,000 jobs. In the statement, he also wrote how the company has grown rapidly in recent …

11 months ago·Noida, India

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Times of San Diego

Tesla Lays Off More Than 10% of Staff Globally as Sales Fall

FILE PHOTO: A Tesla car is seen in Santa Monica, California, United States, October 23, 2018. REUTERS/Lucy Nicholson/File Photo Tesla told staff it is laying off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs). In response to commentary on the news on X, Tesla CEO Elon Musk posted: “About every five years, we need …

11 months ago·San Diego County, United States

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The Hill

Tesla cutting 10 percent of workforce

Tesla plans to cut more than 10 percent of its global workforce, CEO Elon Musk said in a Monday memo to employees. “Over the years, we have grown rapidly with multiple factories scaling around the globe,” Musk said in the memo, obtained by CNBC. “With this rapid growth there has been duplication of roles and job…

11 months ago·Washington, United States

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