Home ยป Tesla Unleashes Fourth Round of Workforce Reductions in a Month

Tesla Unleashes Fourth Round of Workforce Reductions in a Month

Last night, at our local time, Tesla laid off employees for the fourth time this month. This round saw employees from the engineering department, HR, and Service Advisor being let go via email on Sunday evening (local time) before the start of work on Monday, as per usual, without specifying the number of individuals affected. Since last month, Tesla has been laying off employees prior to the announcement of the first quarter financial results for 2024 due to a decrease in sales, profits, and a significant number of inventory backlog. Musk intends to reduce the global workforce by approximately 10%, or around ten thousand people. Source: ArsTechnica

TLDR: Tesla has initiated another round of layoffs, including employees from various departments, due to a decline in sales and profits, resulting in a plan to reduce the global workforce by about 10%.

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