Tesla to Lay Off Over 10% of Global Workforce

Video Credit: Wibbitz Top Stories
Published on April 15, 2024 - Duration: 01:31s

Tesla to Lay Off Over 10% of Global Workforce

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.


You are here


๐Ÿ’ก newsR Knowledge: Other News Mentions

Tesla, Inc.

American electric vehicle and clean energy company
Kim Kardashianโ€™s got a new boo... and heโ€™s fully charged -- her brand new $30K Tesla robot took the spotlight as they posed away in a wildly bizarre photo..
Credit: TMZ.com - Published 2 days ago

Kim Kardashian has turned to technology for companionship ... the reality TV star has gotten her hands on her very own Tesla robot. Check it out ... the SKIMS..
Credit: TMZ.com - Published 4 days ago

Kim Kardashian hasn't learned her lesson about her tricked-out vehicles ... the SKIMS founder has been hit with a fix-it ticket while cruising on PCH. Law..
Credit: TMZ.com - Published 1 week ago


Elon Musk

South African-born businessman (born 1971)
An OnlyFans model in Germany wants to make history with Elon Musk ... by giving birth to the first baby on Mars. Elsa Thora tells TMZ ... she wants to get..
Credit: TMZ.com - Published 22 hours ago

Elon Musk took a shot at Jeff Bezos, calling him out for supposedly predicting -- wrongly, we may add -- that Donald Trump would lose the presidential election..
Credit: TMZ.com - Published 1 day ago

It's happening -- just like we predicted -- Donald Trump's "Presidential" motorcade now includes a Cybertruck!!! As Trump made his way to watch the launch of..
Credit: TMZ.com - Published 2 days ago

You might like