Tesla asks investors to OK Musk's 56 billion dollar pay again

Tesla to Lay Off , Over 10% of Global Workforce. In a memo obtained by Electrek, CEO Elon Musk announced that at least 14,000 roles will be cut, 'The Guardian' reports. . In a memo obtained by Electrek, CEO Elon Musk announced that at least 14,000 roles will be cut, 'The Guardian' reports. . Musk attributed some of the layoffs to the fact that there had "been duplication of roles and job functions in certain areas" amid periods of rapid growth. Musk attributed some of the layoffs to the fact that there had "been duplication of roles and job functions in certain areas" amid periods of rapid growth. 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, Elon Musk, via internal memo. As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally, Elon Musk, via internal memo. There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle, Elon Musk, via internal memo. I would like to thank everyone who is departing Tesla for their hard work over the years, Elon Musk, via internal memo. As of December 2023, Tesla employed 140,473 people. . Company shares dropped by over 1% in premarket trading on April 15. . Meanwhile, it was also reported on April 15 that BP is laying off over a tenth of its Pulse unit which deals with electric vehicle charging.

Tesla Inc. plans to seek approval from shareholders once more for Elon Musk's $56 billion compensation package after a court voided it earlier this year. The...

Tesla's board and Elon Musk are betting that shareholders will once again approve his ambitious compensation package from 2018, despite the electric vehicle...