HomeCURRENT AFFAIRSBUSINESSTesla: Elon Musk Announces Global Workforce Layoffs of Over 10%

Tesla: Elon Musk Announces Global Workforce Layoffs of Over 10%

Rumors suggesting that the electric vehicle manufacturer was gearing up for significant workforce reductions.

Tesla: In an internal company-wide email, Tesla has revealed plans to implement layoffs affecting “more than 10%” of its global workforce. This announcement follows recent speculation and rumors suggesting that the electric vehicle manufacturer was gearing up for significant workforce reductions.

Elon Musk Announces Global Workforce Layoffs of Over 10%

In the past few months, signs indicating potential layoffs emerged, including directives to managers to identify critical team members, temporary suspension of some stock rewards, and cancellation of annual reviews for certain employees. Additionally, production slowdowns were observed at Tesla’s Gigafactory Shanghai.

  • Rumors circulating over the weekend hinted at imminent layoffs

Rumors circulating over the weekend hinted at imminent layoffs, with speculation suggesting figures as high as 20%. There were also reports of plans to reduce Cybertruck production shifts at Gigafactory Texas, despite CEO Elon Musk’s recent statements emphasizing production constraints.

Confirmation of the layoffs came through a leaked company-wide email from Musk, in which he acknowledged the need to streamline operations and enhance productivity to prepare for Tesla’s next phase of growth. Musk expressed regret over the decision, recognizing the contributions of departing employees and thanking them for their dedication.

Addressing the remaining workforce, Musk emphasized the importance of their continued commitment to advancing Tesla’s groundbreaking technologies in automotive, energy, and artificial intelligence. He underscored the significance of their efforts in propelling the company forward during the forthcoming growth phase.

The email concluded with Musk expressing gratitude to both departing and remaining employees for their contributions and commitment to Tesla’s mission.

The layoffs signal Tesla’s strategic efforts to optimize costs and streamline operations as it prepares for future growth opportunities.

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