"About every five years, we need to reorganize and streamline the company for the next phase of growth," CEO Elon Musk commented in a post on X
Tesla is reportedly cutting more than 10% of its global staff of 140,000. The cuts for the company, which had nearly doubled its overall headcount since the end of 2020, is just the latest example of the effects of more competition and softer demand in the electric car sector. An email that CEO Elon Musk sent to staff over the weekend attributed the planned job cuts to the need for “cost reductions and increasing productivity,” according to a report from Reuters. It did not mention anything...
Tesla has announced layoffs of “more than 10%” of its global workforce in
London-based AI unicorn Stability has laid off about a tenth of its workforce as part of a “strategic plan to reduce” costs just weeks after the departure of its founder and CEO. The layoffs, affecting around 20 staff, were announced by Stability in a company-wide memo on Wednesday evening, first published by Business Insider. The […]
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Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares closed down more than 5% on Monday. “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 […]
Tesla's global job cuts are hitting China, the automaker's biggest market after the United States, affecting staff in teams including sales, two sources briefed on the matter said. CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles. The two sources said some staff in Tesla's China sales team were being notified, with one...
Tesla's global job cuts are hitting China, the automaker's biggest market after the United States, affecting staff in teams including sales, two sources briefed on the matter said. CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles. The two sources said some staff in Tesla's China sales team were being notified, with one...
Tesla boss Elon Musk gave workers the bad news in an internal memo sent over the weekend. "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 areas. As we prepareRead Entire Article