On Sunday, Elon Musk sent a memo to employees announcing that Tesla would be laying off "more than 10 percent" of its employees. That's according to a report from Electrek, which published a copy of the memo.
Tesla is slashing headcount by more than 10 percent, part of a global retrenchment extending all the way into its executive ranks as the carmaker struggles with slowing demand for electric vehicles. Chief Executive Officer Elon Musk revealed the job cuts in an email to staff,
An estimated 14,000 Tesla workers are losing their jobs, with an internal email from Musk citing duplicate roles and a desire to be 'lean' going forward.
Tesla is reportedly the latest company to lay off workers, and the number of employees axed is not pretty. A memo from Elon Musk to Tesla employees, received by CNBC Monday, said the company will reduce its headcount by more than 10% globally.
Musk has now told workers that more than 10% of workers will lose their jobs, or at least 14,000 of Tesla’s 140,000 total employees, according to the leaked memo. Musk cited a d
There is nothing I hate more, but it must be done,” Tesla’s centibillionaire CEO Elon Musk reportedly said about his company’s decision to eliminate more than 10% of its workforce.
Tesla said on Monday that it would lay off more than 10% of its global workforce, a major reduction that comes as the automaker looks to compete with lower-priced offerings from competitors around the world.
Tesla is slashing headcount by more than 10%, part of a global retrenchment extending all the way into its executive ranks as the carmaker struggles with slowing demand for electric vehicles. Chief Executive Officer Elon Musk revealed the job cuts in an email to staff,
After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the plans in a memo sent to employees.
Musk claimed that the Tesla Robotaxi, an autonomous, new offering from Tesla, will be unveiled in August. Tesla is set to post its financial results for Q1 202
Tesla, the world-renowned electric vehicle (EV) maker led by Elon Musk, is about to lay off 10 percent of its global workforce, as per reports based on an internal company-wide email shared by Musk. There had been reports of Tesla facing the heat in the past few days and a layoff announcement seemingly right around the corner.
Tesla plans to cut more than 10 percent of its global workforce, CEO Elon Musk said in a Monday memo to employees. “Over the years, we have grown rapidly with multiple factories scaling around the globe,
"About every five years, we need to reorganize and streamline the company for the next phase of growth," CEO Elon Musk said. Tesla reports earnings April 23 after global sales fell 8.5 percent last quarter on weak demand.
"I made the difficult decision to move on from Tesla after 18 years," Baglino said in a post on the social platform X, formerly known as Twitter. Baglino is one of only three managers besides Musk listed as a top executive on the company's website.
Electric vehicle manufacturer Tesla is implementing significant workforce reductions, amounting to over 10% of its global staff, or at least 14,000 roles, amid declining sales and intensified competition in the electric vehicle market.
With this rapid growth there has been duplication of roles and job functions in certain areas,” Musk said in the memo. Tesla has been missing the mark lately, which is no surprise, given that the EV industry is scrambling.
The layoffs could affect about 14,000 of the 140,473 workers employed by the Austin, Texas, company at the end of last year. Shares of Tesla fell nearly 3% in Monday morning trading after the news broke.
Tesla will lay off more than 10% of its workforce, totaling at least 14,000 people worldwide, the company’s CEO Elon Musk told workers on Monday. The electric carmaker’s notoriously volatile stock has declined more than 30% since Jan.