Tesla Inc. will reduce global headcount by more than 10%, Electrek reported, as the carmaker grapples with a slowdown in electric vehicle demand.
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
An SEC filing made by Take-Two reveals that it expects the cost-cutting efforts, which it calls "rationalizing its pipeline" and "streamlining its organizational structure," to incur costs of up to $200 million, including $35 million from employee-related costs and $140 million from canceled projects. There are also $15 million toRead Entire Article
In the first quarter of 2024, the two biggest manufacturers of electronic vehicles, Tesla and its Chinese rival BYD reports dramatic sales drops compared against the same time last year.
Tesla has announced layoffs of “more than 10%” of its global workforce in
A new report says Tesla has sent a memo to employees stating it plans to lay off over 10 percent of its total global workforce. The electric car maker has seen its sales go down in recent months.
Tesla has joined the litany of companies that have conducted sweeping layoffs in recent times. First reported by Electrek and since corroborated by Reuters the Washington Post and the New York Times, the company is firing "more than 10 percent" of its workforce; the company had more than 140,000 employees as of December 2023. The publication saw an internal memo noting the percentage, though it didn't state the exact number of jobs affected. A source also told Reuters that some staffers have...
Tesla is laying off more than 10% of its workforce globally, according to an email reportedly sent by CEO Elon Musk.
The company is dealing with lower demand and tough competition on prices.
TESLA lays off more than 10% of workforce (Second column, 10th story, link) Related stories:SHARES LOSE THIRD OF VALUE IN YEARMusk in a mess Drudge Report Feed needs your support! Become a Patron
Take-Two Interactive, the parent company of studios like Rockstar and Gearbox, will lay off around 5% of its workforce and cancel several projects.Read this article on TechRaptor
Take-Two Interactive joins the list of companies laying off employees as it undertakes cost-reduction measures, including canceling projects.