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
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…
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 …
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 …
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