Breaking: Tesla CEO Elon Musk reveals plans to lay off significant number of employees in response to sales drop.
In a shocking move, Tesla, the innovative electric car company, has announced that it will be laying off more than 10% of its global workforce. The decision comes as Tesla faces a challenging period with declining sales. CEO Elon Musk personally addressed the issue in a memo to employees, emphasizing the necessity of the layoffs to maintain the company's stability. This news has sent ripples through the tech and automotive industries, sparking discussions about Tesla's future direction.
The cutbacks at Tesla are not limited to the workforce reduction. Recent reports also indicate the departure of two senior executives, adding to the turmoil within the company. With these significant changes in leadership and staffing, the electric car maker is undergoing a period of transition and uncertainty. The impact of these layoffs extends beyond the internal operations of Tesla, raising questions about the company's long-term strategy and market position.
As details of the layoffs emerge, it has been revealed that the affected employees could number as high as 14,000, a substantial portion of Tesla's workforce. This drastic measure reflects the challenges faced by the company in a changing market landscape. The move by Tesla to downsize its workforce underscores the intense competition and financial pressures in the electric vehicle industry.
Elon Musk's decision to implement the layoffs was met with mixed reactions, with some employees expressing shock and disappointment. The suddenness of the announcement has left many Tesla workers in Austin blindsided and uncertain about their future with the company. The human impact of these layoffs highlights the real-life consequences of corporate restructuring in a fast-paced and fiercely competitive business environment.
Tesla 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 ...
Tesla will lay off more than 10% of its global workforce. Read the memo to employees from CEO Elon Musk.
Tesla CEO and co-founder Elon Musk sent a memo to employees announcing the tech giant will be laying off 10% of its global workforce.
Tesla is planning to lay off at least 14000 employees, according to a leaked company-wide email, following the EV maker's first drop in vehicle deliveries ...
Along with the departure of two senior executives, the cuts added to signs of turmoil at the electric car company.
"It must be done," Tesla CEO Elon Musk said in a memo about the layoffs sent to employees on Sunday.
In an email reportedly sent to employees, the Tesla CEO announced that the carmaker would cut โmore than 10%โ of its global workforce. Last year, Tesla reported ...
CEO Elon Musk detailed the plans in a memo sent to employees. The layoffs could affect about 14,000 of the 140,473 workers employed by the Austin, Texas, ...
Editor's note: The above video shows KXAN News' top morning headlines from Monday, April 15, 2024. AUSTIN (KXAN) โ Some Tesla employees in Austin are now ...
Musk, the company's chief executive, informed employees Monday of the planned job cuts, according to an email reviewed by The Wall Street Journal. He cited the ...
Tesla management told employees Monday that the recent layoffs -- which gutted some departments by 20% and even hit high performers -- were largely due to.
Tesla has more than 140000 employees worldwide, and about 20000 at Giga Texas in the Austin area.
As you've probably heard by now, Tesla has decided to lay off more than 10% of its workforce globally. As the news came out, because of how big it was, ...
Tesla employees FOX 7 Austin spoke to were sent an email notifying them around 3 a.m. Monday morning that they were being laid off and their last working ...
Tesla job cuts heighten Wall Street concerns that EV maker faces a demand problem · Tesla's announced job cuts on Monday failed to quell investor concerns that ...
Tesla shares extended declines Tuesday, pulling it close to the lowest levels since last spring, following the group's largest-ever job cuts, ...
High-level Tesla executives have announced they're leaving since Elon Musk announced layoffs.
The company also parted ways with two top executives: Andrew Baglino, a top lieutenant who developed Tesla's vehicles and energy products, and Rohan Patel, a ...
Tesla management told employees Monday that the recent layoffs -- which gutted some departments by 20% and even hit high performers -- were largely due to.
Some China sales teams notified of dismissal - sources · U.S.-based service centres suffered heavy layoffs - sources · No staff dismissed in Germany yet, ...
Elon Musk announced a 10% Tesla workforce reduction in an email to staff on Sunday night. · The carmaker denied reports they'd cut roughly 25% of their Berlin ...
Tesla layoffs and a potentially disastrous earnings call next week have some retail investors ready to jump ship.
Tesla Gigafactory Texas layoffs were announced by an early morning email, according to some employees who spoke to FOX 7 Austin.
The drive to electrify personal cars in California has, at best, hit a rough patch. The big question is whether current conditions will turn out to be ...