Tesla layoffs: Musk preparing to cut his global workforce by more than 10%, know why he took this decision
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Works in some areas. In an email to employees, Elon Musk wrote, As we prepare the company for its next phase of growth, it is extremely important to focus on every aspect of the company to cut costs and increase productivity.
Tesla will reduce its global workforce by more than 10% amid a slowdown in electric vehicle demand, Electrek reported, citing company CEO Elon Musk as saying in an email sent to employees regarding roles and jobs. There will be job cuts due to duplication. Works in some areas. In an email to employees, Elon Musk wrote, As we prepare the company for its next phase of growth, it is extremely important to focus on every aspect of the company to cut costs and increase productivity.
As part of this effort we have conducted a thorough review of the organization and have made the difficult decision to reduce our workforce globally by more than 10%. There’s nothing I hate more, but it must be done. Tesla ended last year with 140,473 employees, double the total from three years ago. The company is expanding production at two plants outside Austin and Berlin. If the job cuts are implemented company-wide, at least 14,000 employees could be affected by the layoffs.
The report of layoffs comes after Tesla reported disastrous vehicle deliveries earlier this month as it missed expectations by a wide margin. The company has reported its first quarterly decline in four years as experts believe the EV maker’s sales could potentially be down for the year as it has slowed production of its latest model – the Cybertruck.
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