US EditionTesla 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.
209 Articles
209 Articles
'There is nothing I hate more': Elon Musk reportedly indicates Tesla is slashing its workforce 'by more than 10% globally'
Elon Musk has reportedly indicated that Tesla will slash more than 10% of its workers."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 areas. As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity," Musk no…
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…
Tesla, leader in the electric vehicle sector, is about to lay off more than 10% of its global employees, according to CEO Elon Musk in a recent company note. This move is a crucial part of Tesla's strategy to reduce costs and boost productivity, preparing the company for the next stages of growth. Tesla Shares Fall The news caused a 3% decline in Tesla shares on Monday morning, indicating investors' unrest at a difficult time for the car manufac…
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…
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